Bally Technologies Inc. (BYI) Wednesday said its second-quarter net income declined to $24.3 million from $27.3 million last year. However, on a per share basis, net income increased to $0.54 from $0.49 in the year ago quarter, due to fewer shares in the most recent quarter.
On average, 14 analysts polled by Thomson Reuters expected earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the quarter grew to $210.5 million from $182.7 million last year. Analysts estimated revenues of $203.30 million for the quarter.
The company updated its fiscal year 2012 earnings guidance from continuing operations to a range of $2.25 to $2.45, from the prior estimate of $2.20 to $2.45 per share. Analysts currenlty expect earnings of $2.38 per share.
For comments and feedback: editorial@rttnews.com