Scientific Games Corporation (NASDAQ:SGMS) shares were trading 13% higher Wednesday afternoon following the company’s reported strong Q4 results, with EPS of $0.95 coming in significantly higher than the consensus estimate of $0.13. Revenue was $580 million, compared to the consensus estimate of $558.56 million.

The company expects the previously announced Lottery segment transaction to close by the end of March with approximately $5 billion in after-tax net proceeds. The sportsbook divestiture is expected to close during Q2/22. The remaining firm will focus on its strengths, including a strong IP and portfolio of games, leading positions in digital gaming, and strong gaming solutions with opportunities to de-lever and acquire strong talent.