WASHINGTON (dpa-AFX) - International Game Technology (IGT) reported net income of $53.4 million or $0.18 per share for the fourth-quarter, compared to $19.9 million or $0.07 per share in the prior year quarter.
Adjusted income from continuing operations grew to $73.0 million or $0.24 per share from $50.6 million or $0.17 per share in the year-ago quarter. On average, seventeen analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share. Analysts' estimates typically exclude special items.
Total revenues for the fourth quarter increased 14% to $540 million from $474 million in the same quarter last year, while fourteen analysts estimated revenue of $484.79 million.
Based on current expectations and the estimated operating results for the next twelve months, the company is offering its initial fiscal year 2012 guidance for adjusted earnings from continuing operations in a range of $0.93 to $1.03 per share. Street expects earnings of $1.10 per share for the year.
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