Amaya (AYA) Tops Q1 EPS by 4c, Reconfirms FY Guidance

Amaya (NASDAQ: AYA) reported Q1 EPS of $0.56, $0.04 better than the analyst estimate of $0.52. Revenue for the quarter came in at $317.3 million versus the consensus estimate of $326.6 million.

• Corporate Name Change –Amaya intends to change its corporate name to "The Stars Group Inc."
• Continuance – To more effectively manage its business and affairs, Amaya also intends to effect a continuance under the Business Corporations Act (Ontario) such that it will become an Ontario corporation and subject to such act. Following the continuance and appointment of its new CFO, Amaya intends to move its corporate head office to Toronto, Ontario.

Full Year Guidance

Full Year Guidance – Amaya reconfirms its previously announced 2017 full year financial guidance ranges and continues to expect the following:

• Revenues of $1,200 to $1,260 million;
• Adjusted EBITDA of $560 to $580 million;
• Adjusted Net Earnings of $400 to $430 million; and
• Adjusted Net Earnings per Diluted Share of $1.94 to $2.13.

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

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