LAS VEGAS (AP) _ International Game Technology (IGT) on Thursday reported fourth-quarter profit of $73.5 million.
The Las Vegas-based company said it had profit of 37 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The slot machine maker posted revenue of $1.36 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.29 billion.
For the year, the company reported profit of $75.6 million, or 39 cents per share. Revenue was reported as $4.69 billion.
IGT shares have climbed 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has dropped almost 1 percent.
