International Game Technology reports strong second quarter

Business News

International Game Technology today released its quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.34 per share.

This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this slot machine maker would post earnings of $0.27 per share when it actually produced earnings of $0.15, delivering a surprise of -44.44%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.

IGT, which belongs to the Zacks Gaming industry, posted revenues of $1.20 billion for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 1.84%. This compares to year-ago revenues of $1.22 billion. The company has topped consensus revenue estimates four times over the last four quarters.