Midway Revenues Increase
« Thread started on: Feb 24th, 2007, 11:15am »
The Mortal Kombat publisher jumps aboard the gravy train.
Earlier this morning, Midway announced its results for the fiscal fourth quarter and full year ended December 31, 2006. The company also posted its predictions for the fiscal first quarter ending March 31, 2007 and the fiscal year ending December 31, 2007.
According to Midway, net revenues for the 2006 fourth quarter were up 38.8% to $96.9 million from 2005's fourth quarter revenues of $69.8 million. This increase was coupled with a significant decrease in losses applicable to common stock to $2.0 million. This is compared to 2005 fourth quarter loss results of $37.8 million.