Multimedia Games (MGAM) reported second quarter adjusted EPS of $0.26 Wednesday morning, compared to $0.28 a year ago. The consensus estimate was for EPS of $0.31. The company reiterated its full year EPS forecast of $1.23 to $1.27. Analysts are expecting EPS of $1.29.
Multimedia Games declined during the first 2 hours of trade Wednesday and ended the session with a loss of 3.82 at $23.99, with volume at over an 8-month high. The stock plummeted to a new low for the year.
For comments and feedback contact: editorial@rttnews.com
Business News