IGT: Q1 Earnings Snapshot

·1 min read

LONDON (AP) _ International Game Technology PLC (IGT) on Tuesday reported first-quarter net income of $92 million, after reporting a loss in the same period a year earlier.

The London-based company said it had profit of 44 cents per share. Earnings, adjusted to account for discontinued operations, were 38 cents per share.

The slot machine maker posted revenue of $1.01 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $877.4 million.

IGT shares have climbed 3% since the beginning of the year, while the S&P's 500 index has risen 12%. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IGT at https://www.zacks.com/ap/IGT

The Associated Press

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