Scientific Games Reports Better than Expected Second Quarter 2020 Results
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Scientific Games (SGMS) Misses Q2 EPS by 45c, Revenues Beat
July 23, 2020 4:03 PM EDTScientific Games (NASDAQ: SGMS) reported Q2 EPS of ($2.15), $0.45 worse than the analyst estimate of ($1.70). Revenue for the quarter came in at $539 million versus the consensus estimate of $443.7 million.
Second Quarter 2020 Financial Highlights:
Second quarter revenue was $539 million. The Company's Gaming and Lottery revenue was negatively impacted by the COVID-19 disruptions that resulted in temporary closures of casino operations globally and a lower level of lottery ticket sales. Our SciPlay and Digital businesses grew in the quarter, showcasing the power of our diverse portfolio. Net loss was $198 million... More