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Everi Holdings lifts FY'18 adjusted EBITDA guidance

Everi Holdings Inc. raised its financial outlook for 2018.

The payments infrastructure company is now targeting full-year adjusted EBITDA in the range of $228 million to $231 million, compared to a previous guidance range of $225 million to $230 million. Everi Holdings expects to book a $3 million to $5 million income tax benefit in 2018.

For the quarter ended June 30, the company posted $1.5 million in net income, or 2 cents per share, compared to a net loss of $19.1 million, or 29 cents per share, in the year-ago period. Total revenues for the quarter slipped to $118.7 million from $242.2 million in the previous year.