Midway expects revenues for Q4, ending December 31, to be $78-$83 million, compared to previous guidance of $105-$155 million. The company says it will report a loss in Q4, compared earlier projects of a $15-$40.0 million profit. It said that slow demand for Defender
, Dr. Muto
and Haven: Call of the King
had caused the revenue shortfall.
For the full year ending December 31, Midway expects revenues of between $250-$275.0 million, and pre-tax earnings of $20-$30 million. Analysts had expected $277.7 million in revenue.