WMS reports 11 % increase in income
"The consistent improvements from our continuous improvement initiatives support our focus on developing and funding future growth initiatives, including research and development spending for the creation of next-generation products," WMS Chairman and CEO Brian Gamache said in a statement.
Gamache said the company expects to benefit as casinos replace older slot machines as new markets in Australia and Mexico open. Before the company announced earnings, Roth Capital Markets gaming analyst Todd Eilers said WMS has been slicing into its competitors' business.
"We also view WMS as one of the best suppliers to own in the space considering its expanding market share and international expansion opportunities," Eilers said.
Shares of WMS closed up 4 cents or 0.10 % on the New York Stock Exchange Tuesday to finish the day at us$ 41.10.
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