International Game Technology Ordinary Shares (IGT) Releases Earnings Results, Beats Expectations By $0.09 EPS

International Game Technology Ordinary Shares (IGT) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.48. The company posted revenue of $1282.00 million in the period, compared to analysts expectations of $1282.49 million. The company’s revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

Many Wall Street Analysts have commented on International Game Technology Ordinary Shares. Company shares were Reiterated by Sterne Agee CRT on Apr 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on Mar 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .

International Game Technology Ordinary Shares opened for trading at $17.35 and hit $17.83 on the upside on Wednesday, eventually ending the session at $17.79, with a gain of 2.77% or 0.48 points. The heightened volatility saw the trading volume jump to 5,53,669 shares. Company has a market cap of $3,562 M.

International Game Technology Ordinary Shares

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