LAS VEGAS(AP) – Scientific Games Corp. (SGMS) on Monday reported a loss of $39.1 million in its second quarter.
On a per-share basis, the Las Vegas-based company said it had a loss of 44 cents. Losses, adjusted for restructuring costs, came to 43 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.
The instant-win lottery ticket maker posted revenue of $766.3 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $739.3 million.
Scientific Games shares have climbed 92 percent since the beginning of the year. The stock has more than doubled in the last 12 months.
