IGT reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
IGT announced earnings per share of $0.08 on revenue of $940.2M. Analysts polled by anticipated EPS of $0.03 on revenue of $980.75M. That with comparison to EPS of $0.12 on revenue of $1.14B in the same period a year before. IGT had reported EPS of $0.31 on revenue of $1.25B in the previous quarter. Analysts are expecting EPS of $-0.24 and revenue of $718.51M in the upcoming quarter.
IGT shares are down 50.17% from the beginning of the year , still down 54.09% from its 52 week high of $16.25 set on November 14, 2019. They are under-performing the EUR/USD which is down 0% year to date.
IGT follows other major Services sector earnings this month
IGT's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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