Categories Earnings, Leisure & Entertainment

International Game Technology PLC (IGT): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— International Game Technology (NYSE: IGT) reported earnings of $0.31 per share in the fourth quarter of 2019 vs. $0.24 per share expected.  

— Q4 revenues fell 1% to $1.25 billion, vs $1.23 billion expected. Total revenues were hurt by lower service revenues from reduced North American multistate jackpot activity and impact of Italy gaming machine taxes.

— For 2020, the company expects operating income of $740-790 million. Capital expenditures are projected in the range of $400-500 million. 

— IGT shares grew 1.4% during pre-market hours on Tuesday.  

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