Scientific Games (SGMS) Reports Q3 Revenues Miss

Scientific Games (NASDAQ: SGMS) reported Q3 EPS of ($3.85), versus ($0.16) reported last year. Revenue for the quarter came in at $821 million versus the consensus estimate of $828.89 million.

Barry Cottle, CEO and President of Scientific Games, said "We are very pleased with the growth we are seeing across our businesses as we continue to lead our industry into the future. Our investments in digital, sports betting, and new games are producing the most innovative and engaging products in the market and we are excited about the customer response here in the U.S. and around the world. For our rapidly growing social business, an IPO would give us greater flexibility to pursue growth for the business and drive value for stakeholders. We remain focused on delivering for our customers and running our business efficiently and effectively to drive revenue, reduce costs and continue to build momentum across the Company."

Michael Quartieri, Chief Financial Officer of Scientific Games, added, "This quarter marks our twelfth consecutive quarter of year over year growth in revenue and Consolidated AEBITDA. Our focus on generating cash flows provides us a clear avenue to strengthen our balance sheet."

For earnings history and earnings-related data on Scientific Games (SGMS) click here.

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