LOS ANGELES, Nov 5 (Reuters) - Slot-machine maker International Game Technology on Thursday posted a net loss for its latest quarter as casinos continued to delay orders and it wrote down the value of various assets.
The company posted a net loss of $21.3 million, or 7 cents a share, for the fiscal fourth quarter ending in September, compared with net income of $52.1 million, or 18 cents a share, a year earlier.
The results included previously disclosed non-cash charges of 26 cents per share and restructuring expense of 1 cent per share.
Revenue fell 19 percent to $514.6, which beat the average analyst estimate of $492.7 million, as compiled by Thomson Reuters I/B/E/S. Keywords: INTERNATIONALGAMETECHNOLOGY/ (Reporting by Deena Beasley, deena.beasley@thomsonreuters.com; 1-213-955-6746) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company posted a net loss of $21.3 million, or 7 cents a share, for the fiscal fourth quarter ending in September, compared with net income of $52.1 million, or 18 cents a share, a year earlier.
The results included previously disclosed non-cash charges of 26 cents per share and restructuring expense of 1 cent per share.
Revenue fell 19 percent to $514.6, which beat the average analyst estimate of $492.7 million, as compiled by Thomson Reuters I/B/E/S. Keywords: INTERNATIONALGAMETECHNOLOGY/ (Reporting by Deena Beasley, deena.beasley@thomsonreuters.com; 1-213-955-6746) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.