Howard Stutz – Bally Technologies sees dip in quarterly earnings

Howard Stutz – Bally Technologies sees dip in quarterly earnings
Howard Stutz – Bally Technologies sees dip in quarterly earnings Howard Stutz Bally Technologies sees dip in quarterly earnings 31 October 2014By Howard Stutz LAS VEGAS — Slot machine manufacturer Bally Technologies, Inc. saw first-quarter earnings dip slightly while revenue increased 29 percent.The Las Vegas-based company said its net income for the quarter than ended Sept. 30 was $62.4 million, compared with $57 million in the same quarter a year ago. However, earnings per share slipped to 75 cents per share, down from 97 cents per share last year.Overall revenue for Bally was $320.8 million.Bally is being sold to Scientific Games Corporation for $5.1 billion. The transaction is expected to close by the end of the year. The company did not hold a conference call to discuss earnings.“We achieved record first quarter revenue and excellent overall operational results in the quarter,” Bally CEO Richard Haddrill said in a statement. Copyright GamingWire. All rights reserved.

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