Majesco Entertainment Company (COOL) Posts Q4 Loss of 7c/Share

January 14, 2013 4:03 PM EST
Majesco Entertainment Company (NASDAQ: COOL) reported Q4 EPS of ($0.07), $0.09 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $26.6 million versus the consensus estimate of $23.97 million.

Based on early analysis of sell-through during the 2012 holiday season, management anticipates holiday sales will be at least 50% lower than last year. Given the Company's dependence on holiday sales, management anticipates revenue for fiscal 2013 will be significantly below fiscal 2012. Management expects to report between a modest non-GAAP EPS loss to breakeven for the first quarter of fiscal 2013 and a loss for the full year of fiscal 2013.

For earnings history and earnings-related data on Majesco Entertainment Company (COOL) click here.

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