International Game Technology Reports Drop In Q3 Bottom Line, but beats estimates

(RTTNews) - International Game Technology (IGT) reported earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $94 million, or $0.46 per share. This compares with $264 million, or $1.30 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.9% to $1.07 billion from $1.06 billion last year.

International Game Technology earnings at a glance (GAAP) :

-Earnings (Q3): $94 Mln. vs. $264 Mln. last year. -EPS (Q3): $0.46 vs. $1.30 last year. -Analyst Estimates: $0.41 -Revenue (Q3): $1.07 Bln vs. $1.06 Bln last year.

-Guidance: Next quarter revenue guidance: $1.1 Bln Full year revenue guidance: $4.3 Bln