SHFL Entertainment reports profit drop of 8 percent
Gaming equipment provider SHFL Entertainment said its net income dipped 8 percent in first quarter due to higher operating expenses.
The Las Vegas-based company said Monday its net income for period that ended Jan. 31 was $7.1 million, down from $7.6 million in the same quarter a year ago.
The figures translated into earnings per share of 12 cents compared to 14 cents last year.
Total revenues for SHFL in the quarter grew 5 percent to $58.8 million.
SHFL CEO Gavin Isaacs credited the company’s performance placing products in Asian casinos for the revenue growth.
“The collective strength of our product categories delivered an overall solid quarter,” Isaacs said.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.
