Multimedia Games (MGAM) Misses Q3 EPS by 5c
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Multimedia Games (NASDAQ: MGAM) reported Q3 EPS of $0.26, $0.05 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $50.3 million versus the consensus estimate of $54.3 million.
“Our 2014 fiscal third quarter financial results are in-line with our previously stated expectations and highlight the Company’s ability to introduce differentiated games that are helping us to further grow our presence on casino slot floors despite the challenging North American gaming environment,” said Patrick Ramsey, Chief Executive Officer of Multimedia Games. “We sold 616 units during the quarter which, though slightly lower than the prior-year period, reflects solid demand for our games from an expanding number of operators. In addition, TournEvent® continues to build momentum nationwide and remains one of the industry’s truly in-demand slot products. We are leveraging the success of this unique offering through the nationwide TournEvent of Champions® which is generating excitement and consistently high levels of play at our customers’ facilities during the qualifying rounds that are currently underway."
For earnings history and earnings-related data on Multimedia Games (MGAM) click here.
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