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 2Q Profit Up Absent Write-Down; Raises Year View

DOW JONES NEWSWIRES International Game Technology's (IGT) fiscal second-quarter profit jumped absent a prior-year write-down as the slot-machine maker reported slight top-line growth. The results beat Wall Street expectations. Shares rose 11% to $18.08 in after-hours trading. The stock had been down 16% over the past 12 months through Thursday's close. The company also raised its full-year outlook to 84 cents to 90 cents a share, excluding a 4-cent adjustment from expected investment gains and tax benefits. International Game's January forecast called for 79 cents to 87 cents a share. International Game has posted improved results of late by cutting costs, though revenue slid in the previous three quarters amid signs of a sustained slump in the U.S. gambling sector. Peers WMS Industries Inc. (WMS) and Bally Technologies Inc. (BYI) recently cut their outlooks due to soft demand, prompting analysts from Jefferies and Deutsche Bank to likewise lower their estimates on International Game. For the quarter ended March 31, International Game reported a profit of $69.6 million, or 23 cents a share, up from about $700,000, or less than a penny a share, a year earlier. Excluding a write-down related to Alabama charitable bingo facilities and other items, the prior-year profit was 19 cents. Revenue grew 1.1% to $492.3 million. Analysts polled by Thomson Reuters had expected a per-share profit of 20 cents on revenue of $479 million. Product shipments grew 8.2% in the U.S. and 2.2% internationally. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Internat Game (IGT)
DateTimeHeadline
07/28/201607:44:40Report of Foreign Issuer (6-k)
07/28/201606:45:00International Game Technology PLC Reports Second Quarter 2016...
07/26/201616:41:04Report of Foreign Issuer (6-k)
07/26/201616:31:00International Game Technology PLC Declares Quarterly Cash Dividend...
07/20/201606:45:00IGT Wheel of Fortune® Slots Mint Two Millionaires in June
07/19/201606:45:00IGT Honored in Casino Journal's Top 20 Most Innovative Gaming...
07/13/201616:31:00International Game Technology PLC to Report Second Quarter 2016...
07/07/201616:31:00IGT Introduces TRUE 3D to Carnival Cruise Line® with Wheel of...
07/07/201606:45:00IGT and Sands Bethlehem Complete Largest Live Electronic Table...
07/06/201616:31:00International Game Technology PLC Issues Annual Sustainability...
07/05/201606:45:00IGT PLC Creates Central Administrative Organization; Appoints...
07/05/201606:45:00IGT PLC Appoints Mario Di Loreto - Executive Vice President Of...
06/27/201606:45:00IGT to Provide 1,500 New Video Lottery Terminals to Oregon Lottery
06/20/201617:28:24Report of Foreign Issuer (6-k)
06/20/201616:31:00IGT Expands Systems Solutions Offering in Mississippi
06/20/201606:45:00International Game Technology PLC to Webcast Investor Day Presentations
06/13/201606:45:00IGT Slots Crown Six Millionaires in May
06/06/201606:45:00IGT Honored at 2016 eGaming Review B2B Awards
06/01/201606:45:00IGT Announces Extension with Svenska Spel to Provide INTELLIGEN™ V...
05/31/201616:47:30Specialized Disclosure Report (sd)

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad