FMP

FMP

International Game Technology Shares Up 6% Following Q3 Results

International Game Technology PLC (NYSE:IGT) shares closed 6.36% higher on Tuesday, following the company’s Q3 results, with EPS coming in at $0.31, beating the consensus estimate of $0.21.

The company’s increased 2021 operating income guidance highlights a strong quarter where all three businesses are performing well. Analysts at Berenberg Bank see strength in the company’s global gaming segment with service revenues improving +10% sequentially and +30% year-over-year, offsetting sequential weakness in the global lottery segment. The analysts expect the share price to perform well given the improved outlook bolstered by strength in the global gaming segment.