International Game Technology Reaffirms FY22 Revenue Outlook - Update

While reporting financial results for the first quarter on Tuesday, International Game Technology Plc (IGT) said it expects revenues for the second quarter between $1.0 billion and $1.1 billion and reaffirmed its revenue outlook for the full-year 2022 in the range of $4.1 billion to $4.3 billion.

On average, analysts polled by Thomson Reuters expected the company to report revenues of $1.04 for the quarter and $4.17 billion for the year.

The Company's Board of Directors also declared a quarterly cash dividend of $0.20 per common share, payable on June 7, 2022 to shareholders on record on May 24, 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, posing a risk of burn injuries to children. Further, citing the same concerns, Paper Cape children's pajamas manufactured in Peru ... Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity...
Follow RTT