— 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.
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers
Shareholders of online furniture retailer Wayfair Inc. (NYSE: W) have been speculating about their returns for long, with the stock not making any meaningful gains in the past several months.