trending Market Intelligence /marketintelligence/en/news-insights/trending/D7CJYcWHkeHx7JOeJHyR3g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

International Game Technology swings to profit in Q2

Gender Parity within German Banks

Blog

Deal Trends in Latin America, Issue 13

Video

Capital Markets View April 2021

Fintech Intelligence Digital Newsletter: April 2021


International Game Technology swings to profit in Q2

International Game Technology PLC said its normalized net income for the second quarter amounted to 42 cents per share, compared with the S&P Capital IQ consensus estimate of 46 cents per share.

The per-share result swung to a profit from the prior-year loss of 29 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $84.9 million, compared with a loss of $57.6 million in the prior-year period.

The normalized profit margin increased to 6.6% from negative 4.5% in the year-earlier period.

Total revenue came to $1.29 billion, compared with $1.27 billion in the prior-year period, and total operating expenses totaled $1.11 billion, compared with $1.11 billion in the prior-year period.

Reported net income totaled $72.6 million, or 36 cents per share, compared to a loss of $116.3 million, or a loss of 59 cents per share, in the year-earlier period.