Thursday, April 20, 2006

IGT Pops on Earnings Report

Shares of slot machine maker International Gaming Tech (IGT) popped 10% on Thursday after the firm said 2Q revenues were up 17% from a year ago period. Revenue rose to $644.4 million from last year's $551.1 million, with product sales revenue spiking 32%, gaming operations revenue up 4% and non-machine revenue rising 16%.

You'll recall that on March 8, we spit out this compelling report, in which we said IGT had a stronger hand than anyone on the Street was giving it credit for.

On Wall Street, strong suits like to hide. Our job is to find them for you.

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