Intl Game Tech Withdraws FY24 Guide Of Revenue of ~$4.4B Due To The Planned Sale Of The Gaming & Digital Business
Portfolio Pulse from Benzinga Newsdesk
International Game Technology (IGT) has withdrawn its FY24 revenue guidance of approximately $4.4 billion due to the planned sale of its Gaming & Digital business. The company will classify and report these results as discontinued operations starting in Q3 2024 and will provide a new outlook for continuing operations once the reporting is complete.
July 30, 2024 | 10:44 am
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International Game Technology (IGT) has withdrawn its FY24 revenue guidance of approximately $4.4 billion due to the planned sale of its Gaming & Digital business. The company will classify and report these results as discontinued operations starting in Q3 2024 and will provide a new outlook for continuing operations once the reporting is complete.
The withdrawal of the FY24 revenue guidance and the planned sale of a significant business segment introduces uncertainty and may negatively impact investor sentiment in the short term. The reclassification of the Gaming & Digital business as discontinued operations further complicates the financial outlook until a new guidance is provided.
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