Shares of THQ Inc. jumped 11 percent Thursday after the video game publisher said it had “substantially” completed its plan to cut fiscal 2010 spending by $220 million in the face of lower consumer spending for its products.

The Agoura Hills company, whose games include the “Saints Row” and “Dawn of War” franchises, announced in February that it would cut 600 jobs, or 24 percent of its work force, cancel some games in development and close some studios. THQ said it expects to report about $45 million in expenses for its restructuring plans in the fiscal fourth quarter, which ended in March 31.

THQ recently reported a third quarter net loss of nearly $192 million, compared with net income of $15.5 million, as revenue fell 30 percent.

“Our goal is to return to profitability and generate positive cash flow in fiscal 2010, and to position THQ for long-term sustainable and profitable growth,” Chief Executive Brian Farrell said in a statement.

THQ share closed up 36 cents to $3.56 on the Nasdaq.