Multimedia Games posts better-than-expected Q4
Multimedia Games, Inc. (Nasdaq: MGAM), supplier of online gaming systems, this morning reported fourth-quarter earnings above the consensus on Wall Street, while revenues missed estimates and declined year-over-year.
For the three months ended Sept. 30, the Austin, Texas-based firm recorded net income of approximately $1.4 million, or $0.05 per diluted share, above the $0.01 per share four analysts polled by Thomson Financial were on average forecasting. For the fourth quarter last year, the firm recorded net income of approximately $0.1 million, or break-even per share results.
Net income for the current quarter includes non-recurring items that, in aggregate, positively impacted income taxes by $0.8 million, or $0.03 per diluted share.
The small cap booked revenues of $31.2 million, down slightly from the $32.5 million earned in the fourth quarter of 2006, and below the consensus of three analysts polled by Thomson of $32.88 million.
Shares of Multimedia Games (MGAM) were halted in pre-market trading.
