Seeking Alpha

MGAM
Multimedia Games, Inc.

5/27/2012, 7:10 PM ET
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MGAM Market Currents more »
  • February 1 Casino gaming system maker Multimedia Games (MGAM +31.8%) soars to new 52-week highs after reporting FQ1 revenue of $34.8M (+22% Y/Y) and EPS of $0.21, trouncing Street estimates by $3.8M and $0.17. The company attributes the strong results to growing sales of new systems in several states. It's also lifting its FY12 EPS guidance range to $0.42-$0.45, well above a prior range of $0.23-$0.26. [Tech, Earnings, On the Move]
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Company Description
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Sector: Services
Country: United States