Majesco Entertainment Company (NASDAQ: COOL) is being punished in the after-hours session. The vide game maker reported earnings which are not looking as promising as shares were hoping for earlier today. Net quarterly revenues were up 37% to $66.2 million and operating income was down at $7.6 million versus $8.0 million a year earlier. On a non-GAAP basis, net income for the quarter was $7.3 million versus $7.5 million for the same period last year.
Non-GAAP net income was $0.18 per share for the quarter, down from $0.20 EPS last year. With the company having the Zumba fitness launches, it looks as though investors found themselves wanting more. The company expects fiscal 2012 full year net revenue in a range of $130 to $140 million, and non-GAAP earnings per share of $0.25 to $0.35. Thomson Reuters has estimates of $0.35 EPS and $136.5 million.
Shares were up over 5% at $2.97 today, but the after-hours session has shares down about 11.5% at $2.63 in active trading.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
