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Midway Games Inc.
Midway Reports 2008 Q2 Results
August 18th, 2008
Midway Games Inc. (NYSE:MWY) announced results of operations for the three month period ended June 30, 2008. The Company also provided revenue and earnings guidance for the third quarter ending September 30, 2008.
SECOND QUARTER RESULTS
Net revenues for the 2008 second quarter were $23.4 million, compared to the 2007 second quarter net revenues of $31.8 million and ahead of prior guidance of approximately $18 million. The 2008 second quarter net loss was $34.8 million, or a loss of $0.38 per basic and diluted share, compared with a 2007 second quarter net loss of $14.3 million, or a loss of $0.16 per basic and diluted share.
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Source: Entertainment Business Newsweekly (2008-08-18)