Scientific Games: 2Q Earnings Snapshot
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.