WMS THROWN FOR LOSS IN FIRST QUARTER

October 26, 2001 10:59 PM
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WMS Industries reported a $3.7 million loss in net income through the fiscal first quarter, which ended Sept. 30.

The company earned $9.5 million at the same time last year. Total revenues declined from $59.8 million last year to $46.3 million through the first nine months of 2001.

Revenues from sales of gaming devices decreased 48 percent. WMS historically generates the lowest quarterly game sales volume during this particular fiscal quarter.