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Majesco Entertainment Co. Raises FY 2011 Guidance
Majesco Entertainment Co. announced that for fiscal 2011, it expects net revenue in a range of $110-$120 million, up from the prior range of $100 to $110 million, and non-GAAP earnings per share (EPS) of $0.30-$0.35, up from $0.20-$0.25. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.32 on revenues of $119 million for fiscal 2011.
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