For the fiscal year, the company earned us$ 23.1 million
Shuffle Master fourth quarter profit falls on charges
2011-01-18
Reading time 30 seg
The results included a charge of 3 cents per share for a legal settlement that covered licensing fees to Prime Table Games and a penny per share for financing costs under a previous credit agreement. Analysts expected Shuffle Master to report net income of 13 cents per share, excluding such one-time charges so the results met analyst estimates.
Revenue rose 7 % to $58.6 million, boosted by a 12 % gain in lease, royalty and service revenue, which accounts for nearly half the company's sales. Analysts expected us$ 54.6 million.
For the fiscal year, the company earned us$ 23.1 million, or 43 cents per share, compared with us$ 15 million, or 28 cents per share, a year ago. Revenue rose to us$ 201.3 million from us$ 179.4 million.
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