International Game Tech (IGT) Tops Q3 EPS by 1c; Trims FY16 CapEx Outlook

International Game Tech (NYSE: IGT) reported Q3 EPS of $0.45, $0.01 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.25 billion.

Outlook

The Company continues to expect adjusted EBITDA of $1,740-$1,790 million for the full year 2016 period. Capital expenditures excluding upfront Lotto concession payments are now expected to be no more than $550 million. This compares to previous capital expenditure guidance of $550-$580 million. Net debt is still expected to be $7,700-$7,900 million at the end of 2016.

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

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