ADVFN - Advanced Financial Network.
HOME» NYSE » I » IGT Stock Price » IGT Stock News

Internat Game Share News

 International Game Technology Stock Price
IGT Stock Price
 International Game Technology Stock Chart
IGT Stock Chart
 International Game Technology Stock News
IGT Stock News
 International Game Technology Company Information
IGT Company Information
 International Game Technology Stock Trades
IGT Stock Trades

International Game Tech Swings To 4Q Profit On Cost-Cutting

DOW JONES NEWSWIRES International Game Technology (IGT) swung to a fiscal fourth-quarter profit on improved revenue. But shares fell 2% to $15.99 in after-hours trading as the slot-machine maker's earnings fell short of Wall Street's expectations. Chief Executive Patti Hart said the company improved margins and its balance sheet, generating more cash in the latest fiscal year. Now it plans to emphasize top-line growth and international expansion. For the quarter ended Sept. 30, International Game reported a profit of $19.9 million, or 7 cents a share, compared with a year-earlier loss of $28.6 million, or 10 cents a share. Excluding such items as write-downs and investment losses, earnings were flat at 18 cents while revenue slid 3.2% to $496 million. Analysts had estimated earnings of 19 cents on revenue of $488.2 million, according to a poll by Thomson Reuters. Gross margin fell to 56% from 57%. Product sales, which provided 46% of the total, ticked down 0.9%, while revenue from gaming operations declined 5.1%. -By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com

Stock News for Internat Game (IGT)
DateTimeHeadline
07/16/201402:00:13Italy's GTECH to Buy IGT in $6.4 Billion Deal
06/16/201413:10:06Italy's GTECH in Talks for Las Vegas-based IGT
06/16/201409:37:19U.S. Hot Stocks: Hot Stocks to Watch
06/13/201413:51:33International Game Technology Draws Interest from MacAndrews...
06/09/201416:01:21International Game Technology Hires Morgan Stanley to Work on...
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:04:51Bridgewater Associates LP 3Q 13F: Largest Eliminations
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
04/26/201307:10:10U.S. Stock Futures Fall Before GDP
04/26/201306:51:45U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
01/31/201314:00:13Scientific Games Agrees to Buy WMS for $1.5 Billion
12/04/201220:34:08Bally Technologies Considers Bid for Online Gaming Firm 3G: Sources...
06/14/201208:57:45International Game Launches $1 Billion Repurchase Plan; Buying...
05/08/201218:20:08International Game Technology Board Backs CEO Hart
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results

Internat Game Technology and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad