Multimedia Games plunges on weaker-than-expected guidance

|About: Multimedia Games, Inc. (MGAM)|By:, SA News Editor

Multimedia Games (MGAM -10.3%) shares tank following the company's FQ4 report due to concerns over FY2014 guidance.

Management guided for FY2014 revenue of $217M-$223M (vs. consensus of $221.6M) on sales of 3.7K-4K units at an ASP of $16.5K-$17.5K. Investors may be concerned about the bottom end of the ASP forecast, which is below FQ4's adjusted ASP of $17.7K.

FY2014 EPS is seen at $1.23-$1.27, below a Street consensus of $1.31.