Atari seems to have misplaced approximately $33 million ($.27 per share) in the three-month period ended June 30th. Analysts had expected the company to lose about a third of that amount ($.11 per share), so the loss comes as a suprise to investors, who have been dumping company stock in after-hours trading in response.
Atari's parent company Infogrames Entertainment reiterated its intent to provide the company with financial support, according to Marketwatch, but that company's shares have taken a hit too as a result of the Atari bombshell.
Really, it's all about the hits. Atari just hasn't sold enough games lately. Will Atari's future lineup of games reverse the company's slide?
On tap for release in the next six months from Atari: Matrix: Path of Neo, Mark Ecko's Getting Up, Test Drive Unlimited, Dragon Ball Z Budokai: Tenkaichi, and Dungeons & Dragons Online: Stormreach (if it ever launches). Will any of these games be hits?