WMS Industries lowers sales forecast
WMS Industries Inc., the maker of Monopoly and Wizard of Oz slot machines, forecast fiscal 2011 sales of $830 million to $850 million, below analysts' estimates, and an operating profit margin of 22.5 percent to 23 percent.
Revenue and margins will be boosted by higher prices and shipments, Waukegan-based WMS said today in a statement. The company's fiscal year ends June 30.
Analysts had forecast sales of $853.6 million for fiscal 2011, the average of 15 estimates surveyed by Bloomberg.
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