Midway takes a hit but predicts better
updated 10:25 am EDT, Fri August 4, 2006
Midway takes a hit
Midway has posted net losses of $31 million for the financial quarter ending June 30th, while recording earnings of just $25.9 million, Next Generation is reporting. CEO David Zucker credits the European reception of Rise & Fall: Civilizations at War as an important source of income during the period. The company's outlook may be rosier in the long-term, with projected yearly earnings of $155 million, this based on expectations of success for Happy Feet and Mortal Kombat: Armageddon. Yearly losses are projected to be $70 million.
