U.S. Markets open in 1 hr 23 mins

Scientific Games reports 1Q loss

LAS VEGAS (AP) _ Scientific Games Corp. (SGMS) on Thursday reported a loss of $100.8 million in its first quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of $1.14. Losses, adjusted to extinguish debt, were 92 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 74 cents per share.

The instant-win lottery ticket maker posted revenue of $725.4 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $711.5 million.

Scientific Games shares have climbed 64 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.90, more than doubling in the last 12 months.


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


Keywords: Scientific Games, Earnings Report