Midway Games Reeling

Video game publisher Midway(MWY Quote) missed analyst expectations for the third quarter on poor sales of some games, delays in the release of other titles and a lower financial outlook for the year.

The company warned on Oct. 2 that it would miss analyst estimates because of delays in the release of two games and lower sales expectations for another, BlackSite: Area 51.

Net losses for the quarter widened to $33.5 million, or 37 cents a share, compared with a loss of $22.2 million, or 24 cents a share, in the year-ago quarter. ...