International Game Tech (IGT) Reports Q2 EPS of $0.79, Revenues Beat

International Game Tech (NYSE: IGT) reported Q2 EPS of $0.79, versus $0.36 reported last year. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.18 billion.

"The strong second quarter results reflect continued global Lottery expansion that is accentuated by disciplined expense management," said Marco Sala, CEO of IGT. "The North America Lottery and Italy segments each exceeded our expectations in the period. The North America Gaming installed base grew sequentially, and we have a compelling roster of new, for-sale video reel games coming to market in the second half. The strong start to the year gives us confidence we can achieve our 2018 strategic and financial goals."

"With better-than-expected Adjusted EBITDA growth of 10% in the first half, we are raising our full-year outlook for the underlying business," said Alberto Fornaro, CFO of IGT. "As a result, we are able to absorb the negative impact of foreign currency translation and maintain the Adjusted EBITDA range of $1,700-$1,780 million for 2018."

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

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