Updated from 11:23 a.m. EDT
Shares of Multimedia Games(MGAM Quote) were among the Nasdaq's losers Friday after the company warned that fourth-quarter numbers won't meet Wall Street expectations.
The maker of casino games now expects earnings of 22 cents to 24 cents a share on sales of $139.1 million. Previously, the company expected earnings of 37 cents to 42 cents a share. Analysts polled by Thomson First Call had been expecting earnings of 36 cents a share on sales of $147.9 million. Multimedia Games said that lower-than-expected sales of its player terminals led to the shortfall. Shares traded down $2.37, or 16.5%, to $11.98.
Bob Evans Farms (BOBE Quote) fell 6.6% after the company warned that second-quarter earnings would fall short of expectations. The restaurant operator expects earnings of 25 cents to 30 cents a share, which is below analysts' forecast of 40 cents a share. The company said that recently launched customer satisfaction initiatives led to higher food and labor costs during the quarter. Bob Evans plans to release second-quarter earnings results on Nov. 15. Shares traded down $1.70 to $24.26. ...
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