Intl Game Tech Q3 Adj EPS $0.52 Beats $0.41 Estimate, Sales $1.06B Beat $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl Game Tech (NYSE:IGT) reported Q3 earnings of $0.52 per share, beating the analyst consensus estimate of $0.41 by 26.83%. This is a 20.93% increase over earnings of $0.43 per share from the same period last year. The company also reported quarterly sales of $1.06 billion, beating the analyst consensus estimate of $1.03 billion by 3.40%. This is a 0.47% increase over sales of $1.06 billion the same period last year.
October 31, 2023 | 10:42 am
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POSITIVE IMPACT
Intl Game Tech's Q3 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Companies that report earnings and sales above analyst estimates typically see a positive reaction in their stock price as this indicates a stronger than expected financial performance. Given that Intl Game Tech beat both earnings and sales estimates, it is likely that this news will have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100