International Game Technology Q3 Adj. Profit Tops View

(RTTNews) - International Game Technology (IGT) Tuesday reported third-quarter net income of $72.1 million or $0.29 per share, compared to $65.7 million or $0.25 per share in the same period last year.

Adjusted net income for the latest third quarter was $69.3 million or $0.28 per share, down from $86.4 million or $0.33 per share in the previous year period. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues declined to $467.6 million from $579.0 million last year. Analysts expected revenues of $521.90 million.

For fiscal year 2014, the company now expects adjusted earnings to be in a range of $1.00 per to $1.06 per share. Analysts currently expect earnings of $1.03 per share.

Earlier, the company expected earnings of $1.00 to $1.10 per share.