Bally Technologies sees dip in quarterly earnings
Slot machine manufacturer Bally Technologies saw first quarter earnings dip slightly while revenue increased 29 percent.
The Las Vegas-based company said its net income for the quarter than ended Sept. 30 was $62.4 million, compared with $57 million in the same quarter a year ago. However, earnings per share slipped to 75 cents per share, down from 97 cents per share last year.
Overall revenue for Bally was $320.8 million.
Bally is being sold to Scientific Games Corp. for $5.1 billion. The transaction is expected to close by the end of the year. The company did not hold a conference call to discuss earnings.
“We achieved record first quarter revenue and excellent overall operational results in the quarter,” Bally CEO Richard Haddrill said in a statement.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.
