International edition
September 18, 2020

With a net income of US $4.8 million

Shuffle Master reports higher earnings, revenue in quarter

(US).- Shuffle Master said its first-quarter earnings rose, helped by strong recurring, revenue growth in nearly all product segments.

I

n a statement, Shuffle Master said it had net income of US $4.8 million, or 9 cents per share, for the three months ended Jan. 31, compared with net income of US$ 3.7 million, or 7 cents per share, a year earlier.

The latest results topped the 8-cents-per-share earnings estimate of analysts polled by Yahoo Finance.

Revenue rose 8.7 % to a first-quarter record US$ 43.8 million from US$ 40.3 million.

The company said it achieved a record lease installed base of 7,344 shufflers in the quarter, a 28 % increase in units’ year over year. Shuffle Master said about 410 new leases were recorded in the first quarter.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook