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Monday, May 21, 2018

=International Game Technology PLC (IGT) reported earnings on Mon 21 May 18 (a/h)

Intl Game Tech. PLC misses by $0.12, beats on revs; reaffirms EBITDA outlook
  • Reports Q1 (Mar) earnings of $0.15 per share, excluding non-recurring items, $0.12 worse thanthe Capital IQ Consensus of $0.27; revenues rose 4.7% year/year to $1.21 bln vs the $1.16 bln Capital IQ Consensus. Adjusted EBITDA rose 18% to $436 million vs. estimates near $400 mln.
  • Higher underlying revenue and profit across all business segments
  • "Lottery same-store revenue growth was among the highest levels in the last several quarters, even in our largest markets. A sharp increase in systems sales, double-digit growth in global gaming machine replacement unit shipments, and sequential improvement in the North America installed base confirm the good momentum of our global Gaming business."
  • Reaffirms FY18 Adjusted EBITDA of $1,700-$1,780 million
  • IGT will host an Investor Day on August 2, 2018 in New York City

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