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International Game Technology Stock Falls Despite Q2 EPS Beat; Revenue Misses Estimates
International Game Technology (NYSE:IGT) shares are trading lower after releasing results for the second quarter.
The company reported quarterly adjusted earnings per share of 36 cents, beating the analyst consensus of 32 cents.
Second-quarter revenues of $1.049 billion missed the street view of $1.059 billion, as strength in Gaming & Digital is offset by elevated prior year product sales in Global Lottery.
International Game Technology said it generated over $460 million in cash from operations and over $260 million in free cash flow in ...