Amaya (AYA) Tops Q3 EPS by 2c; Issues Sold Outlook

Amaya (NASDAQ: AYA) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $270.85 million versus the consensus estimate of $281.86 million.

GUIDANCE:

Amaya sees FY2016 EPS of $1.78-$1.83, versus the consensus of $1.67. Amaya sees FY2016 revenue of $1.137-1.157 billion, versus the consensus of $1.17 billion.

"As we have concluded the strategic review process, we are excited to continue focusing on improving the company and our operations. We continued to execute on our four strategic priorities during the quarter as evidenced by our strong performance," said Rafi Ashkenazi, Chief Executive Officer of Amaya. "I am particularly pleased with our core poker business as we believe the proactive changes we made to our poker ecosystem have both substantially offset and began to reverse certain negative trends facing that business. We plan to continue leveraging this positive momentum into our casino and sportsbook offerings as we focus on becoming the world's favorite online gaming destination and maximizing winning moments for all of our customers."

For earnings history and earnings-related data on Amaya (AYA) click here.

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