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.
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
