International edition
June 23, 2021

For the fiscal year, the company earned us$ 23.1 million

Shuffle Master fourth quarter profit falls on charges

(US).- Casino equipment maker Shuffle Master reported last week that its fourth-quarter net income fell 8 %, dragged down by a legal settlement and financing costs. The company said its net income in the quarter that ended October 31 was $5.7 million, compared with us$ 6.2 million, a year earlier.

T

he 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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