Intl Game Tech Q2 Adj EPS $0.45 Beats $0.34 Estimate, Sales $1.05B Beat $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl Game Tech (NYSE:IGT) reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.34 by 32.35%. However, this is a 21.05% decrease from the same period last year. The company also reported quarterly sales of $1.05 billion, beating the estimate of $1.03 billion by 2.63%, and marking a 3.33% increase from last year.
August 01, 2023 | 10:48 am
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Intl Game Tech's Q2 earnings and sales beat estimates, but earnings decreased from last year.
While Intl Game Tech beat earnings and sales estimates, the decrease in earnings from the same period last year could potentially offset the positive impact of beating estimates. This could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100