International Game Technology (IGT) Tuesday reported first-quarter net income of $35.0 million or $0.14 per share, down sharply from $79.2 million or $0.31 per share last year.
Adjusted earnings for the quarter dropped to $0.19 per share from $0.25 per share last year.
Revenues for the quarter dropped 17 percent to $450.6 million from $541.2 million last year.
Analysts polled by Thomson Reuters expected the company to earn $0.25 per share on revenues of $487.61 million for the quarter. Analysts' estimates typically exclude special items.
IGT shares slipped $0.71 or 4.17% in after-hours trading.
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