More on Majesco Entertainment's FQ3: The poor results are blamed on seasonality and "challenging...

|About: Majesco Entertainment Company (COOL)|By:, SA News Editor

More on Majesco Entertainment's FQ3: The poor results are blamed on seasonality and "challenging retail conditions for interactive entertainment." (ed: NPD seems to agree about the latter). Wii game sales (61% of total) fell 60% Y/Y to $5.5M. Majesco now expects FQ4 results to be "in the lower end" of a revenue guidance range of $130M-$140M and EPS range of $0.20-$0.30. Street estimates stand at $139M and $0.27. COOL -10.9% AH. (PR)