IGT Posts Big Profits

By: Staff
By: Staff

International Game Technology says its second-quarter profit climbed, handily beating Wall Street's estimates, due in large part to its international business.
For the quarter that ended March 31st, the company earned 124
(m) million dollars, or 35 cents a share compared to 93-point-nine
(m) million dollars or 26 cents a share during last year's second
quarter. Analysts polled by Thomson Financial had expected earnings
of 31 cents a share.
Total revenue for the quarter was a record 644-point-four (m)
million dollars, up from last year's 551-point-one (m) million.
Analysts had forecast sales of 602-point-one (m) million dollars.
The stock was up two dollars and 90 cents at 37 dollars and 82
cents a share in early trading on the New York Stock Exchange.


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