Acclaim Sees Loss in Quarter on Sales
From Reuters
Acclaim Entertainment Inc., publisher of video games such as “Turok,” expects to post a loss of $40 million to $50 million for the quarter ending in March, hurt by lower sales and higher costs, according to a federal filing.
Acclaim’s projected loss compares with a year-earlier profit of about $4 million, the Glen Cove, N.Y.- based company said in a Securities and Exchange Commission filing.
Shares of Acclaim fell 12 cents to 64 cents on Nasdaq.
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