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Technology Stocks : Midway Games - MWY

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To: Don Westermeyer who wrote (72)8/19/1998 9:57:00 PM
From: Machaon  Read Replies (1) of 278
 
MWY preannounced that they were going to miss the June Quarter's earnings back in May, when they took a pretty good hit because of it. They predicted .25 per share earnings. So, they hit their preannounced earnings right on the head.

For an interesting report that discusses MWY and the preannouncement:

fnews.yahoo.com

They did miss their revenue pre-announcement, though.

There was some good news concerning the release of new games, and plans for next fiscal year. So, we'll have to see how the market reacts this time.

Good luck, Bob


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