PlayAGS: Q4 Earnings Snapshot

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LAS VEGAS (AP) _ PlayAGS Inc. (AGS) on Thursday reported a fourth-quarter loss of $17.2 million, after reporting a profit in the same period a year earlier.

The Las Vegas-based company said it had a loss of 49 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The gaming industry supplier posted revenue of $46.6 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $48.5 million.

For the year, the company reported that its loss widened to $85.4 million, or $2.40 per share. Revenue was reported as $167 million.

PlayAGS shares have risen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.04, a fall of nearly 2% in the last 12 months.


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