Click to copy
Click to copy

Scientific Games: 2Q Earnings Snapshot

August 2, 2019

LAS VEGAS (AP) _ Scientific Games Corp. (SGMS) on Thursday reported a loss of $77 million in its second quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of 83 cents. Losses, adjusted for non-recurring costs and restructuring costs, came to 9 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The instant-win lottery ticket maker posted revenue of $845 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $859.7 million.

Scientific Games shares have increased 16% since the beginning of the year. The stock has fallen 55% in the last 12 months.


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

All contents © copyright 2019 The Associated Press. All rights reserved.