International Game Technology Expects Q3 Revenue Of $1.0B Vs $1.04B Est, FY23 Revenue Of $4.2B-$4.3B (Prior $4.1B-$4.3B) Vs $4.23B Est
Portfolio Pulse from Benzinga Newsdesk
International Game Technology (IGT) has projected its Q3 revenue to be $1.0B, slightly below the estimated $1.04B. However, the company has raised its FY23 revenue forecast to $4.2B-$4.3B, up from the previous range of $4.1B-$4.3B, against an estimate of $4.23B.
August 01, 2023 | 10:49 am
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IGT's Q3 revenue projection is slightly below estimates, which may negatively impact its short-term stock price. However, the raised FY23 revenue forecast could offset this impact.
IGT's lower-than-expected Q3 revenue projection may disappoint investors, potentially leading to a short-term drop in its stock price. However, the company's raised FY23 revenue forecast could signal strong future performance, which may help to mitigate any negative impact.
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IMPORTANCE 80
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