International Game Technology Q3 Profit Rises

(RTTNews) - International Game Technology (IGT) Tuesday reported third-quarter net income of $65.7 million or $0.25 per share, up from $46.6 million or $0.16 per share a year ago.

Adjusted earnings from continuing operations for the quarter improved to $0.33 per share from $0.23 per share last year. On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew 9 percent to $579.0 million from $532.8 million last year. Analysts expected revenues of $584.30 million for the quarter.

Going forward, the company reaffirmed its fiscal year 2013 guidance for adjusted earnings from continuing operations of $1.26 to $1.32 per share. Analysts currently estimate earnings of $1.31 per share for the year.