WMS Industries Inc. (WMS), a supplier of gaming entertainment products, Monday reported third-quarter net income of $7.5 million or $0.14 per share, compared with $22 million or $0.40 per share last year.
Revenues for the quarter were $178 million, compared with $176 million a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.26 per share on revenues of $175.44 million for the quarter. Analysts' estimates typically exclude special items.
Total shipments for the quarter slid about 13 percent from a year ago to 6,323 units.
Results were impacted by operating margin that contracted to 2.9 percent from 17.7 percent a year earlier.
Waukegan, Illinois-based WMS Industries engages in the manufacture of games, video and mechanical reel-spinning gaming machines, and video lottery terminals.
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