International Game Technology (IGT) reported second quarter adjusted EPS of $0.20 after the close Tuesday, down from $0.36 a year ago. The consensus estimate was for EPS of $0.19. Revenues declined to $512.8 million from $600.0 million last year. Analysts expected revenues of $498.17 million.
International Game Technology steadily declined until around mid-morning Wednesday, before settling into a range. Shares finished with a loss of 1.45 at $12.62 on above average volume. The stock dropped below a 1-month range and set a new low for the year.
For comments and feedback contact: editorial@rttnews.com
Business News