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3DO Earnings

Publisher 3DO is warning that its fourth quarter earnings, though still strongly positive, will not meet analyst expectations. Revenues for the fourth quarter should near...
Publisher 3DO is warning that its fourth quarter earnings, though still strongly positive, will not meet analyst expectations. Revenues for the fourth quarter should nearly double the results of last year's fourth, increasing to $47 million from last year's $23 million. Income for the quarter will hit $10 million to $11 million, equaling roughly $.25 per share. Though the result is an improvement over last year's $.10 per share, analysts had expected the company to post income in the range of $.38 per share. 3DO attributes the shortfall to delays in shipping, notably for Army Men World War for the Playstation. For the year ended March 31, 3DO saw revenues increase to better than $120 million, approximately a 120 percent increase from the result of the previous year. 3DO will release their full fiscal results in early May.

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