Scientific Games Reports First Quarter 2020 Results
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Scientific Games (SGMS) Reports Q1 Revenues Miss
May 11, 2020 4:04 PM EDTScientific Games (NASDAQ: SGMS) reported Q1 revenue for the quarter came in at $725 million versus the consensus estimate of $792.58 million.
First Quarter 2020 Financial Highlights:
First quarter revenue decreased 13 percent to $725 million, down from $837 million in the year ago period. The Company's Gaming revenue was negatively impacted by the COVID-19 disruptions that resulted in temporary closures of casino operations in jurisdictions globally. Lottery revenue was lower as the prior year included significant equipment sales.Net loss was $155 million compared to $24 million in the prior year, due to lower revenue and the effects... More