1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

John Rogers Comments on International Game Technology

May 07, 2014 | About:
Also, gaming manufacturer International Game Technology (IGT) returned –22.00% after a subpar earnings report. Its revenue and earnings per share both slid below consensus estimates. Specifically, revenues were 2% lower than Wall Street expected, while the (adjusted) EPS of $0.25 did not meet the $0.30 forecast. The miss came from weak regional gaming trends and higher-than-expected operating expenses. We think operating issues can be corrected and believe management is focused on the issue. In the meantime, we see light business as temporary and industry-wide— beyond IGT's control. We would be more concerned if the short-term results stemming fr om lost market share, for instance. Although there have been headwinds for this company, we remain optimistic over the long term.

From John Rogers (Trades, Portfolio)' Ariel Appreciation Fund first quarter 2014 letter.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus has detected 7 Warning Signs with International Game Technology PLC $IGT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


sarahgolliheroptions
pbarker46PEG
evseanLow Value Stock II
musselmantMODIFIED
sbeccuegf101-Industry
DANGORDONALL STOCKS 1-30-17
DANGORDONINFORMATION TECHNOLOGY 1-30-17
jpraschnikGreenblatt - Magic Formula
soho_analogBuy%20Back%20rate
pbarker46Shiller PE
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK