International Game Technology Q1 Profit Increases, Beats Estimates

(RTTNews) - International Game Technology (IGT) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $82 million, or $0.40 per share. This compares with $23 million, or $0.11 per share, in last year's first quarter.

Excluding items, International Game Technology reported adjusted earnings of $0.46 per share for the period.

Analysts on average had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.9% to $1.07 billion from $1.06 billion last year.

International Game Technology earnings at a glance (GAAP) :

-Earnings (Q1): $82 Mln. vs. $23 Mln. last year. -EPS (Q1): $0.40 vs. $0.11 last year. -Revenue (Q1): $1.07 Bln vs. $1.06 Bln last year.

-Guidance: Next quarter revenue guidance: $1.05 Bln Full year revenue guidance: $4.4 Bln