Mad Catz® Announces Executive and Board Leadership Changes

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Go back to Mad Catz® Announces Executive and Board Leadership Changes

Mad Catz (MCZ) Misses Q3 EPS by 6c; Announces Restructuring Plan

February 9, 2016 4:22 PM EST

Mad Catz (NYSE: MCZ) reported Q3 EPS of $0.02, $0.06 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $65.04 million versus the consensus estimate of $91 million.

Restructuring Plan

On February 5, 2016, the Companys Board of Directors approved a restructuring plan focused on lowering operating costs, increasing efficiencies and better aligning its workforce with the needs of the business. The plan consists of a reduction in the number of positions across the organization equal to approximately 37% of the total workforce and includes... More