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 Midway Games Inc.  (MWY) Trade Now »     Rate MWY  -  Discuss MWY  -  Add to Watch List         Graphic_subscribe

       Sector: Technology  >  Industry: Software & Programming
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From the Blogosphere

Midway Q2 Revs Beat; Loss In Line; But Stock Craters
N/A

Midway Games (MWY) shares have plunged dramatically this morning despite reporting what appeared to be relatively solid Q2 results compared with expectations.

For the quarter, Midway posted revenue of $23.4 million and a loss of 38 cents a share; the Street had expected $18.4 million and a loss of 38 cents.

<>The outlook, however, was not that encouraging. For Q3, Midway sees revenue of $52 million and a loss of 37 cents a share; the Street has been looking for $53.3 million and a loss of 19 cents.

Wedbush Morgan analyst Michael Pachter this morning noted that the company declined to give full-...
By  Eric Savitz (Barron's)    08/05/08 Comment


Unusual 11 Mid-Day Movers 8/5: CPHL, PPC, ATHN, UBET Higher; GLBL, MWY, OTTR, RACK Lower
StreetInsider.com Unusual 11 Mid-Day Movers:Global Industries, Ltd. (Nasdaq: GLBL) 30% LOWER; reports a Q2 loss of $0.12, versus the analyst estimate of $0.37. Revenues for the quarter were $300.5 million, versus the consensus of $319.15 million. Also announced a $100 million buyback program.Midway Games Inc. (NYSE: MWY) 29.1% LOWER; reports a Q2 loss of $0.38, cents better than the analyst estimate of ($0.19). Revenues for the quarter were $23.4 million, versus the consensus of $53.30 million. Sees Q3 revs of about $52 million, versus the consensus of $118.10 million, and a non-GAAP loss o...
By  Street Insider   (+0.33%  risk: moderate)  08/05/08 Comment


Earnings highlights: Cisco, News Corp., Crocs, Clear Channel, WWE, CVS and others

Filed under: Earnings reports, Cisco Systems (CSCO), Sara Lee Corp (SLE), Clear Channel Commun (CCU), NYSE Euronext (NYX), CVS Corp (CVS), News Corp'B' (NWS), Crocs Inc (CROX)

Here are some highlights from this past week's earnings coverage from BloggingStocks:

<>
  • Cisco Systems Inc. (NASDAQ: CSCO) beat Q2 expectations but offered a weak outlook.
  • Clear Channel Communications Inc. (NYSE: CCU) higher Q1 profits failed to beat expectations.
  • Crocs Inc. (NASDAQ: CROX) just missed EPS estimates but raised its full-year guidance.
    • <>CVS Caremark Corp. (NYSE: CVS) strong Q1 results only met...
    By  Trey Thoelcke   (+0.00%)  05/11/08 Comment


    Midway Games: It's not on my list of investment ideas

    Filed under: Earnings reports, Viacom (VIA), Electronic Arts (ERTS), Activision Inc (ATVI)

    I really want to turn bullish on Midway Games Inc. (NYSE: MWY), but there's no way I can do that right now. The company's stock is below $3 a share, and it's there for a reason. But, let's first look at a couple positives from the software publisher's latest earnings release. Net revenues shot up 170% to $29.9 million in Q1; that beat expectations, according to Briefing.com. And the net loss per share also beat expectations by a penny -- it came in at $0.29 per diluted share on an adjusted analysis.

    <>But...
    By  Steven Mallas   (-37.29%  risk: moderate)  05/05/08 Comment


    Paramount Joins Viacom's Relentless Video Game Push

    Forrest.jpgViacom's Paramount Pictures is jumping into the video game business. Variety:

    Studio is looking to invest in all types of videogames but is particularly interested in casual, handheld and mobile games, as they can be made for only a few million dollars, compared with the $20 million or more it costs to produce a title for the PlayStation 3 or Xbox 360.

    <>No surprise to see another Viacom unit proclaiming its interest in video games: Viacom has made a big push into games across the board: It owns "Rock Band" developer Harmonix, has a development deal with Hollywood bigfoot Jerry Bruckheimer and...
    By  Henry Blodget   (+7.76%  risk: moderate)  03/28/08 Comment



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