Technology

Midway Games Guides Lower

 

Shares of Midway were recently down 16 cents, or 3.7%, to $4.21 in recent after-hours trading; the stock is now trading near its 52-week low of $4.13.

For the full fiscal year 2007, Midway now expects revenue of approximately $170 million, compared to its previous guidance of approximately $225 million.

Its loss is likely to be 85 cents a share, Midway said, wider than the 44 cents a share guidance issued earlier.

Excluding charges, Midway expects a loss of approximately 66 cents a share, wider than its prior estimate of 27 cents a share.

Analysts were expecting revenue of $218.03 million and a loss of 46 cents a share.

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