THQ Inc. Shares Surge 9 percent Following CEO Comments

Shares of THQ Inc. (THQI) rose nearly 9% to $4.17 Wednesday afternoon after the video game publisher was more upbeat than analysts expected at Goldman Sachs’ (GS) Communacopia XIX investor conference.

CEO Brian Farrell touted the co.’s upcoming game releases such as “Homefront” and “Red Faction: Armageddon”, saying that most of the company’s development efforts will be primarily focused on Xbox 360 and PlayStation 3 for the next 24 months.

THQ gained 34 cents, or 8.95%, to $4.14 in extended trading. Ticker has a 52wk range of $3.33 to $8.29.

Agoura Hills, California-based THQ Inc. engages in developing, publishing, and distributing interactive entertainment software for various game systems.

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