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Midway Acquires Surreal Software Inc., Developer of The Suffering | |
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| Time: 17:54 EST/22:54 GMT | News Source: Xbox Solution | Posted By: Amanda Murphy | ||
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Midway Games Inc. announced today that it expects its operating results for the three months ended March 31, 2004 to be ahead of the financial guidance provided by the Company on February 25, 2004. For the quarter ended March 31, 2004, Midway expects revenues of approximately $18.0 million, or 50% more than the Company's previously issued revenue guidance of $12.0 million. Midway also projects a net loss for the quarter smaller than the Company's previously issued guidance of $19.0 million but not proportionate to the increase in the revenue guidance for the quarter. Midway attributed the improved financial outlook primarily to strong initial sales of the Company's recently released action-horror game The Suffering. Midway released The Suffering for PlayStation 2 and Xbox on March 8, 2004. | ||
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