Scientific Games: 2Q Earnings Snapshot
Posted July 23, 2020 4:24 pm.
Last Updated July 23, 2020 4:39 pm.
This article is more than 5 years old.
LAS VEGAS (AP) _ Scientific Games Corp. (SGMS) on Thursday reported a loss of $203 million in its second quarter.
On a per-share basis, the Las Vegas-based company said it had a loss of $2.15.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.89 per share.
The instant-win lottery ticket maker posted revenue of $539 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $463 million.
Scientific Games shares have fallen 43% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.18, a decline of 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGMS at https://www.zacks.com/ap/SGMS
The Associated Press
