THQ (THQI +9%) bounces following an FQ1 report that raises hopes the game developer might be...

|By:, SA News Editor

THQ (THQI +9%) bounces following an FQ1 report that raises hopes the game developer might be able to survive by focusing on a handful of franchises. During its earnings call, THQ guided for FQ2 revenue of $75M-$85M and EPS of -$3.50 to -$4.50 - worse than a consensus of $98M and -$2.04, and blamed on product timings. But FY13 guidance - revenue of $390M-$410M and EPS of -$2.80 to -$4.30 vs. a consensus of $433M and -$3.05 - is probably better than many feared.