Inspired Reports Third Quarter 2019 Results

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Go back to Inspired Reports Third Quarter 2019 Results

Inspired Entertainment (INSE) Misses Q3 EPS by 12c

November 12, 2019 8:02 AM EST

Inspired Entertainment (NASDAQ: INSE) reported Q3 EPS of ($0.38), $0.12 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $26.6 million versus the consensus estimate of $29.03 million.

"Results for the third quarter were in line with our expectations, considering the negative impact from the Triennial Implementation. Additionally, we are seeing a considerable improvement in trend in the UK in the fourth quarter," said Lorne Weil, Executive Chairman of Inspired. "As stated previously, a large part of our mitigation efforts will be driven by shop closures. Since the September 30th closing of 700... More