International Game Tech (IGT) Tops Q4 EPS by 7c

International Game Tech (NYSE: IGT) reported Q4 EPS of $0.37, $0.07 better than the analyst estimate of $0.30. Revenue for the quarter came in at $537 million versus the consensus estimate of $517.2 million.

"Our focus on profitability resulted in significant improvements in our gross margins for the year, and in our gross and operating margins for the fourth quarter, in large part due to cost saving actions we took earlier this year," said Patti Hart, IGT Chief Executive Officer. "While we continue to see muted demand in our core business, our DoubleDown Casino business drove 28% revenue growth for the full year while maintaining industry- leading player monetization rates and growing daily active users."

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

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