Why International Game Technology's Stock Popped 15% Today
Shares of lottery and casino industry supplier International Game Technology (NYSE: IGT) jumped as much as 15.3% in trading Tuesday after reporting third-quarter earnings. At 10:45 a.m. EST shares were still up 13.8% on the day.
Revenue fell 4% in the third quarter to $1.22 billion and operating loss exploded to $556 million, or $3.95 per share. The loss was driven by a $714 million charge to writedown the Gaming and Interactive unit to fair value. Adjusting for that loss, earnings were $0.40 per share.
Image source: Getty Images.
Source: Fool.com
International Game Technology plc Aktie
19,10 €
-1,63 %
Noch kein Trend erkennbar: International Game Technology plc mit nur einigen Buy- und Sell-Einschätzungen.
Ein positives, wenn auch nicht starkes, Potenzial für International Game Technology plc mit einem Kursziel von 21 € im Vergleich zu 19.1 €.
