Eidos warns as new Tomb Raider disappoints

Sharecast: "Computer games maker Eidos has revised down its revenue forecasts and cautioned it may need to renegotiate bank finances after disappointing sales of its new Lara Croft game, Tomb Raider: Underworld.

Eidos, which changed its name from SCi Entertainment, now estimates full year revenue will now be in the range of £160m-£180m compared to previous guidance of £180m-£200m.

"We have passed our peak net debt position and we retain sufficient headroom within our committed banking facility but given revised profit expectations we may need to enter into discussions with our lending bank regarding our June 2009 covenants," it added."