Shuffle Master Inc. (SHFL) 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.
by RTT Staff Writer
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