U.S. Markets closed

Scientific Games reports 4Q loss

LAS VEGAS (AP) _ Scientific Games Corp. (SGMS) on Thursday reported a loss of $110.8 million in its fourth quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of $1.26. Losses, adjusted for one-time gains and costs, were 82 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 91 cents per share.

The instant-win lottery ticket maker posted revenue of $752.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $749.7 million.

For the year, the company reported that its loss narrowed to $353.7 million, or $4.05 per share. Revenue was reported as $2.88 billion.

Scientific Games shares have climbed 49 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.90, 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