This booking photo provided by the Clark County Detention Center in Las Vegas, Saturday, Dec. 22, 2012, shows 50-year-old Brenda Stokes, who also uses the name Brenda Wilson and Brenda Stokes Wilson. Police in Las Vegas have issued a plea for information about 10-year-old Jade Morris after she failed to return home Friday, Dec. 21, 2012, from a shopping trip with a woman who is thought to be Stokes. Stokes was arrested that night and accused of slashing the face of a female co-worker at the Bellagio resort on the Las Vegas Strip. She made her first appearance in Las Vegas Justice Court, Wednesday, Dec. 26, 2012. (AP Photo/Clark County Detention Center )
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This booking photo provided by the Clark County Detention Center in Las Vegas, Saturday, Dec. 22, 2012, shows 50-year-old Brenda Stokes, who also uses the name Brenda Wilson and Brenda Stokes Wilson. Police in Las Vegas have issued a plea for information about 10-year-old Jade Morris after she failed to return home Friday, Dec. 21, 2012, from a shopping trip with a woman who is thought to be Stokes. Stokes was arrested that night and accused of slashing the face of a female co-worker at the Bellagio resort on the Las Vegas Strip. She made her first appearance in Las Vegas Justice Court, Wednesday, Dec. 26, 2012. (AP Photo/Clark County Detention Center )
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This undated photo provided by the Las Vegas Police Department shows Jade Moris, 10, who police are searching for after she failed to return home Friday, Dec. 21, 2012, from a shopping trip with a woman arrested that night and accused of slashing the face of a female co-worker at the Bellagio resort on the Las Vegas Strip. The woman, Brenda Stokes, 50, made her first appearance in Las Vegas Justice Court on Wednesday, Dec. 26, 2012. (AP Photo/Las Vegas Police Department)
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This booking photo provided by the Clark County Detention Center in Las Vegas, Nev,. Saturday, Dec. 22, 2012, shows 50-year-old Brenda Stokes. Police in Las Vegas have issued a plea for information about 10-year-old Jade Morris after she failed to return home Friday, Dec. 21, 2012, from a shopping trip with a woman who is thought to be Stokes. Stokes was arrested that night and accused of slashing the face of a female co-worker at the Bellagio resort on the Las Vegas Strip. She made her first appearance in Las Vegas Justice Court Wednesday, Dec. 26, 2012. (AP Photo/Clark County Detention Center )
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FILE - In this April 12, 2012 file photo, Las Vegas Sands Chairman and CEO Sheldon Adelson speaks at a news conference for the Sands Cotai Central in Macau. Casino giant Las Vegas Sands Corp. picked Madrid over Barcelona for a multi-billion dollar Spainish gambling resort project dubbed "EuroVegas." The Spanish capital, the country's largest city, emerged as the company's best choice for the development, Las Vegas Sands Chairman and CEO Sheldon Adelson said in a statement released late Friday, Sept. 7, 2012 in Las Vegas. (AP Photo/Kin Cheung, File)
Bally Technologies 2Q income jumps 37 percent
LAS VEGAS (
AP) —
Casino game maker
Bally Technologies Inc. said Thursday that its net income grew 37 percent in the fiscal second quarter, and it raised its expectations for the rest of the year.
Bally reported continued strong sales of gaming units with a wide-area progressive jackpot — meaning many machines are linked together and the prize gets bigger until someone wins. Sales of gaming equipment also increased as U.S. casinos ordered more replacement units and the company shipped a large number of video lottery terminals to Canada.
The company said its net income totaled $33.1 million, or 80 cents per share, for the quarter ended Dec. 31. A year ago it reported net income of $24.3 million, or 54 cents per share. Revenue rose 13 percent to $238.3 million from $210.5 million.
Analysts were expecting net income of 76 cents per share and $235.1 million in revenue, according to FactSet.
Bally said gaming equipment revenue rose 18 percent to $82.6 million and gaming operations revenue rose 15 percent to $99 million. System revenue increased to $56.7 million from $54 million.
The company is now projecting net income of $3.20 to $3.40 per share in fiscal 2013, up from its previous estimate of $3.05 to $3.35 per share. Analysts expect $3.25 per share on average.
Shares of Bally Technologies climbed $2.64, or 5.8 percent, to close at $48.16 before the report, and added another 84 cents in aftermarket trading.
Tags:
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