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THQ Warns of 4Q Loss

THQ Inc., a videogame publisher in Agoura Hills is warning investors that it will likely post a fourth-quarter loss. The company recently upped its sales forecast, but after hiring an outside party to develop its World Wrestling Entertainment games it announced that it expects a loss of $0.13 per share. It had previously reported likely earnings of $0.02 per share. For the fiscal year 2007, the company reaffirmed its expectations of sales between $900 million and $950 million and earnings between $0.90 and $1.00 per share. Shares fell $1.99, or 7.3 percent, to $25.25 in after hour trading on the Nasdaq.

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