IGT Predicts 4th Year of Double-Digit Growth

By: Associated Press Email
By: Associated Press Email

RENO, Nev. (AP) - International Game Technology says a strong performance in its earnings for the second quarter has the Nevada-based slot-machine maker confident it will post its fourth consecutive year of double-digit growth.

IGT CEO Patti Hart said Thursday that a significant boost in North American slot sales helped drive double-digit increases in revenue, operating income and earnings per share for the quarter that ended March 31.

The company saw its adjusted operating income climb 20 percent to $95.1 million - or 36 cents a share - on revenue of $600 million.
North American product sales increased 25 percent over last year. The company sold 8,400 replacement machines there, a 68 percent increase over last year.

The Las Vegas Sun reports the company's results beat analysts' estimates by 7 cents a share.

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