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Midway Income Increases

Revenues for Midway's second quarter increased a healthy 17.5 percent compared to the same period one year ago, but net income for the quarter increased a more impressive...
Revenues for Midway's second quarter increased a healthy 17.5 percent compared to the same period one year ago, but net income for the quarter increased a more impressive 76.1 percent. Net income rose to $18 million on revenues of $147 million. Home video game incomer rose 58.5 percent, with Dreamcast games accounting for $25 million of $118 million in home game revenue. Midway believe that these results underscore their belief that the fiscal year ending June 30 will see the company reach record revenues and earnings. Midway's third quarter will see 7 new titles on four platforms as well as the debut of four new arcade games to add to the thirteen new products released by the company in the second quarter.

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