Bally Technologies Inc. (BYI) reported that its second-quarter net income attributable to the company was $33.25 million or $0.58 per share, compared to $33.56 million or $0.59 per share in the same quarter last year.
Revenues for the quarter were $213.47 million, compared to $233.29 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share on revenues of $216.17 million for the quarter. Analysts' estimates typically exclude special items.
The Company reiterated its fiscal 2010 guidance for EPS of $2.30 to $2.55, with the fourth quarter anticipated to be stronger than the third quarter. Analysts expect the company to report earnings of $2.44 per share for fiscal 2010.
In a separte press release, Bally Technologies announced that it has signed a seven-year contract to extend its current term with the New York Lottery to continue providing video gaming terminals to the state's eight racetrack casinos. The contract extension will commence immediately and run through December 31, 2017.
Bally currently has a 51-percent market share in New York, where it provides more than 6,400 video-gaming terminals to Batavia Downs Casino; Empire City Casino at Yonkers Raceway; Fairgrounds Gaming & Raceway; Finger Lakes Gaming & Racetrack; Monticello Casino & Raceway; Saratoga Gaming & Raceway; Tioga Downs Casino; and Vernon Downs Casino & Hotel. A ninth casino at Aqueduct Racetrack could come on line as early as 2011, the company said.
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