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's 3Q Net Drops 5.6%; View Raised Again

DOW JONES NEWSWIRES International Game Technology (IGT) reported Tuesday its fiscal third-quarter profit slipped 5.6% from a year-earlier result that had been bolstered by tax gains, while core earnings rose faster than expected on higher product sales. The slot-machine maker also raised its full-year earnings outlook for the second time, calling for an adjusted profit from continuing operations of between 89 cents and 93 cents a share, up from its April forecast of 84 cents to 90 cents. Shares jumped 4.6% to $18.92 after hours. The stock only had gained 2.3% this year through Tuesday's close, underperforming the broader market. International Game has posted improving core results over the past year as gambling activity rebounds in the wake of the recession. A ruling earlier this month from Illinois Supreme Court cleared the way for more video-gaming machines at bars and restaurants in the state, further improving the company's growth prospects. "Our third quarter results further demonstrate the positive momentum generated by our new games, platforms and internal process improvements," Chief Executive Patti Hart said. The company last month authorized a buyback of up to $500 million in common stock, joining a growing list of companies opting to reward shareholders by tapping into cash stockpiles. For the quarter ended June 30, International Game reported a profit of $86.9 million, or 29 cents a share, down from $92.1 million, or 31 cents a share, a year earlier. Excluding prior-year tax gains and other items, earnings from continuing operations rose to 26 cents from 21 cents. Revenue grew 3% to $489 million. Analysts polled by Thomson Reuters expected a 22-cent per-share profit on revenue of $487 million. Revenue from gaming operations--which include machines that the company places in casinos and shares revenue with the operator--edged down 0.6%, while product sales of machines that the company sells outright climbed 7.6%. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Internat Game (IGT)
DateTimeHeadline
05/20/201516:21:00IGT provides third-generation Wide Area Progressive at 10 Spielbanken...
05/18/201506:00:00IGT SPHINX 3D Game Wins "Best of Show" at Southern Gaming Summit
05/14/201513:05:00IGT Mints Two Millionaires and Pays More Than $3.8 Million in...
05/14/201506:00:00IGT's DoubleDown Casino Wins Big with Wheel of Fortune® Double...
05/13/201507:01:00International Game Technology PLC Reports First Quarter 2015...
05/11/201508:01:00International Game Technology Announces Final Results and Settlement...
05/07/201506:00:00IGT Megabucks® Awards Colossal $3.2 Million Jackpot at San Manuel...
05/06/201508:01:00International Game Technology achieves highest iGaming vendor...
05/05/201506:00:00IGT's Wheel of Fortune® Slots Make History with $2 Million Jackpot...
05/04/201506:00:00IGT's Wheel of Fortune® Slots Hit Big in Wisconsin with $1.8...
04/30/201517:01:00International Game Technology PLC To Host Results Conference...
04/29/201506:00:00IGT Showcases Winning Combination at G2E Asia 2015
04/28/201508:01:00International Game Technology Announces Receipt of Requisite...
04/27/201506:00:00IGT's Wheel of Fortune® Slots Elevate Winnings with $1 Million...
04/22/201506:00:00IGT's Wheel of Fortune® Slots Award $2.4 Million over Three...
04/17/201517:03:51Termination of Registration of a Class of Security Under Section...
04/15/201517:05:00International Game Technology Announced that GTECH Corporation...
04/14/201506:01:02Notice of Effectiveness (effect)
04/10/201516:51:32Current Report Filing (8-k)
04/10/201516:50:48Current Report Filing (8-k)

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