UPDATE: International Game Tech (IGT) Misses Q1 EPS by 12c, Revenue Beats, Offers Outlook

International Game Tech (NYSE: IGT) reported Q1 EPS of $0.15, $0.12 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.16 billion.

Outlook

• Adjusted EBITDA of $1,700-$1,780 million
• Unchanged from prior outlook
• Inclusive of $10-$15 million negative impact from treatment of intellectual property contracts under ASC 606
• Capital expenditures of $575-$625 million
• Average EUR/USD exchange rate assumption of 1.22

For earnings history and earnings-related data on International Game Tech (IGT) click here.

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