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THQ reports profit jump

Game publisher THQ on Tuesday reported substantial jumps in revenue and profit for its second quarter, which ended June 30. Revenue was $85.8 million, compared with $55.2 million in the same period a year ago. Net income was $4.9 million, or 12 cents a share, compared with $3.5 million and 10 cents a share a year ago.

Brian Farrell, CEO of Calabasas Hills, Calif.-based THQ, credited strong sales of games based on franchises such as WWF wrestling, Scooby-Doo and Britney Spears. The company set earnings estimates of $1.24 to $1.31 per share for the full year, on revenue of $515 million to $525 million.