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Scientific Games Turns To Profit In Q2 On Strong Revenue Growth

Scientific Games Corp. (SGMS), a digital games provider, reported Monday that its second-quarter net income attributable to SGC was $109 million, compared to loss of $203 million in the prior year, primarily due to strong revenues in the Gaming business segment.

Earnings per share were $1.10, compared to loss of $2.15 a year ago.

Consolidated AEBITDA was $383 million, up 217 percent from $121 million in the prior year period, driven by double-digit AEBITDA growth in Gaming, Lottery and Digital.

Second-quarter consolidated revenue was $880 million, up 63 percent from $539 million last year.

On average, analysts polled by Thomson Reuters expected loss of $0.09 per share on revenues of $765.23 million. Analysts' estimates typically exclude special items.

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