LONDON (AP) — International Game Technology (IGT) on Thursday reported a loss of $92.8 million in its first quarter.
The London-based company said it had a loss of 46 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 57 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The slot machine maker posted revenue of $1.28 billion in the period, meeting Street forecasts.
IGT shares have risen 10 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 2 percent. The stock has decreased slightly more than 1 percent in the last 12 months.
