AGOURA HILLS, Calif., Apr 18, 2012 (BUSINESS WIRE) --THQ Inc. (NASDAQ: THQI) today provided preliminary, unaudited financial results for the fourth quarter ended March 31, 2012.

For the fourth quarter, THQ expects t' report non-GAAP net sales a $160 million t' $170 million, which be above the company's previous outlook a non-GAAP net sales in the range a $130 million t' $150 million. Revised net sales expectations reflect:

continued strong net sales a the critically-acclaimed Saints Row(R): The Third(TM), which t' date has shipped in more than four million units;
higher-than-expected digital sales, largely driven by the robust digital content a Saints Row: The Third; 'n
slightly higher-than-expected net sales a UFC(R) Undisputed(R) 3, which be released mid-February 2012 t' highly-favorable critical reviews, achieving an average Metacritic score a 85.
The company currently expects a fiscal fourth quarter non-GAAP net loss per share in the range a $0.10 t' $0.20, compared t' it be previous expectation a a net loss per share in the range a $0.35 t' $0.50.

THQ expects t' report cash 'n cash equivalents a approximately $76 million at March 31, 2012, three times higher than the previous expectation for it be year-end cash balance, due t' better-than-expected operating results in the fourth quarter, as well as earlier-than-anticipated cash receipts. Additionally, the company ended the quarter with no outstanding borrowings on it be $50 million credit facility, 'n did not borrow against the facility during the quarter. The company expects t' utilize a substantial portion a it be cash 'n cash equivalents as well as it be credit facility as it launches it be slate for the 2013 fiscal year, beginning with Darksiders(R) II.

THQ's GAAP results for the fourth quarter ended March 31, 2012 be expected t' include non-cash software development charges a approximately $30 million t' $50 million resulting from decisions made related t' the company's previously-announced product strategy.

THQ will report full GAAP 'n non-GAAP fiscal 2012 fourth quarter 'n full-year results, along with a reconciliation a those results, 'n provide it be outlook for fiscal 2013 on Tuesday, May 15, 2012. Conference call details will be provided closer t' the date.