International edition
September 27, 2020

The firm will release its financial report today

IGT expects to have an active second quarter

(US).- While it has been an active quarter for casino game developer International Game Technology, analysts on average expect tomorrow’s earnings announcement to be similar to the previous quarter.

I

n the prior quarter analysts estimated earnings of us$ 0.21 a share on revenue of us$ 513.57 million, which excluding one-time charges IGT fell just short of reporting us$ 0.20 a share on revenue of us$ 497.7 million.

However following expenses relating to the closure of operations in Japan and impairment charges on gaming equipment in Alabama casinos, adjusted income was reduced to us$ 700 thousand and us$ 0.00 per share. For the second quarter analysts’ are predicting earnings of us$ 0.21 a share on sales of us$ 504 million.

In the period ending June 30, IGT entered into a number contracts and extensions to provide gaming and management software to casinos including Kickapoo Lucky Eagle Casino in Eagle Pass, Texas; Casino d’Evian in France; Tulalip Resort Casino in Tulalip, Washington; The Cosmopolitan of Las Vegas; The University of Iceland Lottery; the Grand Casino Helsinki in Finland and the Casino di Venezia in Italy.

IGT will release second quarter financials during the afternoon hours on Tuesday July 27.

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