International Game Technology Ordinary Shares (IGT) Releases Earnings Results, Beats Expectations By $0.01 EPS

International Game Technology Ordinary Shares (IGT) announced its most recent quarterly financial results on Monday, Nov-21-2016. IGT said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.44. The company posted revenue of $1266.00 million in the period, compared to analysts expectations of $1245.77 million. IGT’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on International Game Technology Ordinary Shares. Company shares were Reiterated by Telsey Advisory Group on Sep 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .Argus Initiated International Game Technology Ordinary Shares on Sep 16, 2016 to “Buy”, Price Target of the shares are set at $30.

International Game Technology Ordinary Shares opened for trading at $29.7 and hit $30.37 on the upside on Monday, eventually ending the session at $30.15, with a gain of 1.93% or 0.57 points. The heightened volatility saw the trading volume jump to 19,62,390 shares. Company has a market cap of $6,037 M.

International Game Technology Ordinary Shares

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