International Game Profit Surges on Slot Sales, Online Activity
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International Game Technology, the world’s largest maker of slot machines, reported a 41 percent increase in third-quarter profit as casinos stepped up purchases and the company increased online revenue from casino-like games.
Profit excluding some items totaled 33 cents a share, beating the 31-cent average of 16 analysts’ estimate compiled by Bloomberg. Sales rose 8.7 percent to $579 million from a year earlier, according to a statement today from Las Vegas-based International Game. That missed estimates of $582.9 million.