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TDK Mediactive Expects Increase In Revenue, Income

TDK Mediactive revealed that its fiscal Q2 revenue and earnings will exceed last year's results, and reaffirmed guidance for fiscal 2003.
Based on strong sales of Robotech: Battlecry for PlayStation 2 and Xbox, the company said that net sales for Q2 (which ended September 30) rose 267% over last year to $16.9 million. The company expects Q2 net income of approximately $1.5 million (6 cents per share), compared to a loss of $95,000 (breakeven per share) last year. TDKM said that it is on track to meet earlier expectations for full-year sales of $50 million and earnings per share of approximately 5 cents. TDK Mediactive will report final Q2 results on October 28. There was no change in the company's stock price today based on the news. It is trading at $1.58.

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