Shuffle Master Inc. (SHFL: Quote) reported first quarter net income of $0.14 per share after the close Monday, up from $0.09 per share in the prior year period. The consensus estimate was for EPS of $0.11.
The company also announced that it has entered into a definitive agreement to acquire Ongame Network Ltd. from bwin.party Services.
Shuffle Master gapped open higher Tuesday and is now up 1.32 at $15.89 in early trade. The stock has broken out of a one-month range and has set a new high for the year.
Click here to receive FREE breaking news email alerts for SHFL entertainment Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org