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IGT: 3Q Earnings Snapshot

·1 min read

LONDON (AP) _ International Game Technology PLC (IGT) on Wednesday reported a loss of $128 million in its third quarter.

On a per-share basis, the London-based company said it had a loss of 62 cents. Earnings, adjusted for non-recurring costs, were 26 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The slot machine maker posted revenue of $981.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $808.8 million.

IGT shares have declined 33% since the beginning of the year, while the Standard & Poor's 500 index has risen 11%. In the final minutes of trading on Wednesday, shares hit $9.96, a drop of 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IGT at https://www.zacks.com/ap/IGT