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Technology Stocks : Midway Games - MWY

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To: Rob S. who wrote (1)8/23/1997 1:48:00 PM
From: Rob S.   of 278
 
Some earnings estimate revisions that were reported by Zack's Analyst Watch service;

ESTIMATE REVISIONS:

MWY: Major Broker made new estimate for quarter ending 06/98
of $0.40 on 08/21/97
MWY: UBS SECURITIES decreased estimate for quarter ending
09/97 from $0.21 to $0.18 on 08/21/97
MWY: UBS SECURITIES decreased estimate for quarter ending
12/97 from $0.52 to $0.45 on 08/21/97
MWY: UBS SECURITIES increased estimate for fiscal year ending
06/98 from $1.20 to $1.27 on 08/21/97

The close-in quarters were revised down slightly while further out earnings were upped. I plan to check this out with the company as sales are booming and new titles will be offered this fall. The revision down could be due to increased costs of the new products. This follows revisions up by another "major broker" on Thursday.
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