Majesco Entertainment (COOL) Posts Q1 Beat; Guides FY11 Ahead of Views; Trading Halted

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Majesco Entertainment Co. (NASDAQ: COOL) reported Q1 EPS of $0.20, $0.09 better than the analyst estimate of $0.11. Revenue for the quarter came in at $48.5 million versus the consensus estimate of $39 million.

Raises FY2011 EPS guidance to a range of $0.20-$0.25 from a prior view of $0.06-$0.10, versus the consensus of $0.14.

Majesco Entertainment also raised its FY2011 revenue outlook to a range of $100-$110 million from a prior view of $85-$90, versus the consensus of $95 million.

Trading of the company's shares are halted in aftermarket movement on Tuesday.

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