International Game Technology Swings to Q3 Adjusted Loss, Revenue Falls; Q4, 2024 Sales Guidance Provided

MT Newswires Live
2024-11-12

International Game Technology (IGT) reported a Q3 adjusted loss Tuesday of $0.02 per diluted share, swinging from adjusted earnings of $0.04 a year earlier.

No analyst estimates were available for comparison.

Revenue for the quarter ended Sept. 30 was $587 million, compared with $601 million a year earlier.

Four analysts surveyed by Capital IQ expected $591.5 million.

The company said it expects Q4 revenue of $640 million to $690 million.

The analysts polled by Capital IQ expect $632 million.

International Game Technology also said it expects fiscal 2024 revenue of $2.50 billion to $2.55 billion.

Four analysts polled by Capital IQ expect $2.51 billion.

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