IGT Earnings release

IGT Earnings release - PRESS RELEASE April 21, 2011, 4:15...

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Unformatted text preview: PRESS RELEASE April 21, 2011, 4:15 p.m. EDT International Game Technology Reports 2011 Second Quarter Results--Second Quarter Highlights (compared to last year's second quarter) -- Total revenues increased 1% to $492 million -- GAAP income from continuing operations increased $0.15 to $0.23 per share -- Adjusted income from continuing operations increased 18% -- Consolidated gross margin increased 300 bps to 59% -- Product sales gross margin increased 700 bps to 55% Unaudited Condensed Consolidated Statements of Income Quarters Ended Six Months Ended March 31, March 31,---------------- ---------------- 2011 2010 2011 2010------- ------- ------- ------- (In millions, except per share amounts) Revenues Gaming operations $ 277.6 $ 280.1 $ 538.3 $ 556.8 Product sales 214.7 206.7 418.8 445.1------- ------- ------- ------- Total revenues 492.3 486.8 957.1 1,001.9------- ------- ------- ------- Costs and operating expenses Cost of gaming operations 104.7 107.0 200.6 211.0 Cost of product sales 95.6 107.9 188.3 223.2 Selling, general and administrative 92.9 84.6 177.8 172.0 Research and development...
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IGT Earnings release - PRESS RELEASE April 21, 2011, 4:15...

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