Wedbush Cautious On Midway, Expects $8 Million In Q1 Sales

Ahead of Midway's first quarter conference call on Thursday, May 3, Wedbush Morgan's Michael Pachter has commented that the firm expects to maintain its cautious outlook on the Chicago-headquartered game publisher and developer, and that it will report "weak in-line results."

Wedbush anticipates that Midway will report $8 in revenue for the period, a figure slightly above the company's $7 million guidance. According to Wedbush, NPD data for the March quarter found that Midway's U.S. retail sales were up 6 percent over the prior year quarter.

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