International Game Tech (IGT) Tops Q3 EPS by 10c; Boosts FY15 adj.-EBITDA Outlook

International Game Tech (NYSE: IGT) reported Q3 EPS of $0.41, $0.10 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.27 billion.

Guidance:

Including the $30 million reclassification of certain legacy IGT items in the first quarter of 2015, the Company is updating its outlook for pro forma, adjusted EBITDA in 2015 to $1.605-$1.705 billion from the prior range of $1.575-$1.675 billion.

Capital expenditures for the year are now estimated at $400-$450 million compared to a prior expectation of $450-$500 million. This does not include any upfront capital related to the Italian Lotto concession renewal, which will not be required this year.

For earnings history and earnings-related data on International Game Tech (IGT) click here.

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