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Why International Game Technology Shares Popped Today

TheMotleyFool

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Why International Game Technology Shares Popped Today

Shares of gaming supplier International Game Technology (NYSE: IGT) jumped on Tuesday, up 14.6% as of 2:02 p.m. EDT, after the company reported second-quarter earnings.

Revenue fell 5% in the quarter to $1.22 billion and the company reported a net loss of $344.7 million, or $1.43 per share. On an adjusted basis, IGT earned $0.15 per share, which fell short of the $0.32 analysts expected, although that didn't matter much for the stock.

Image source: Getty Images.

Source: Fool.com