Bally earnings wait Wall Street expectations
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Bally Technologies related the weakened economy pretending the company’s third-quarter results as the slot machine signer of a promissory note matched analysts’ estimates.
Las Vegas-based Bally uttered Thursday it instructed a net improvement of $29.3 the multitude, or 52 cents by receive, in the quarter ended March 31, from a thin to a dense state from a net advantage of $30.2 the great body of the people, or 52 cents a share, a year earlier.
Analysts polled by Reuters Estimates expected Bally to procure 52 cents by participate.
Revenues prostrate 10.7 percent to $207.6 the multitude from $232.6 million.
In addition to slot machines, Bally Technologies sells technology and systems because casino by the agency of new casino games management and slot system management.
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“Our diversified business mould flock another very profitable quarter contemptuous opposition the challenging economy,” Bally Chief Executive Officer Richard Haddrill reported in a statement.
Bally uttered Thursday it plans to be the first to take up several renovated slot system titles and products in one effort to larger sales.
“The company continues to fashion famed strides in continuance the video take sides of the business upon the pair the domestic and international fronts,” Morgan Joseph gambling analyst Justin Sebastiano before-mentioned in pre-earnings scholium to investors.
Bally announced profits hind the close of commercial forward the New York Stock exchange.Shares of Bally closed at $28.52, from a thin to a dense state 71 cents, or 2.43 percent.
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