International Game Technology Stock Falls Despite Q2 EPS Beat; Revenue Misses Estimates

by

in

International Game Technology (NYSE:IGT) shares are trading lower after releasing results for the second quarter.

The company reported quarterly adjusted earnings per share of 36 cents, beating the analyst consensus of 32 cents.

Second-quarter revenues of $1.049 billion missed the street view of $1.059 billion, as strength in Gaming & Digital is offset by elevated prior year product sales in Global Lottery.

International Game Technology said it generated over $460 million in cash from operations and over $260 million in free cash flow in …

Full story available on Benzinga.com