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Other: Squeenix Slashes Profit Forecast by 43% Other: Squeenix Slashes Profit Forecast by 43%
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Old 19-April-06, 09:37 AM   #1 (permalink)
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Default Other: Squeenix Slashes Profit Forecast by 43%
Square Enix has drastically reduced its consolidated forecasts for its fiscal year ended March 31, 2006, lowering net income expectations by 43 percent.

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Originally Posted by NextGeneration

In November 2005, Square Enix forecasted 17.5 billion yen ($149 million) net income, but today lowered those expectations to 10 billion yen ($85 million). Revenue was scaled back more than 8 percent, from 136 billion yen ($1.16 billion) to 125 billion yen ($1.06 billion), and operating income was lowered nearly 50 percent, from 28.5 billion yen ($242 million) to 15 billion yen ($128 million).

Full story at NextGen

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