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THQ lowers Q2 fiscal guidance

Destroy All Humans, Frontlines, and de Blob moved to FY '09

THQ has announced updated guidance for its second quarter and fiscal year reflecting lower than anticipated sales of two releases and the decision to move three titles to 2009.

The company now expects Q2 net sales of approximately USD 229 million and a GAAP net loss of approximately USD 0.11 per share, which includes USD 0.08 per share of stock-based compensation expense.

The revised expectation reflects lower than anticipated shipments of Stuntman: Ignition and Juiced 2: Hot Import Nights, as well as higher than expected price protection for these titles.

"We are disappointed that our latest editions of Juiced and Stuntman did not perform to expectations," said Brian Farrell, president and CEO of THQ.

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