Scientific Games: 4Q Earnings Snapshot

LAS VEGAS (AP) _ Scientific Games Corp. (SGMS) on Tuesday reported a fourth-quarter loss of $43 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Las Vegas-based company said it had a loss of 46 cents. Earnings, adjusted for non-recurring costs, came to 10 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The instant-win lottery ticket maker posted revenue of $863 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $893.7 million.

For the year, the company reported that its loss narrowed to $130 million, or $1.40 per share. Revenue was reported as $3.4 billion.

Scientific Games shares have increased almost 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.39, an increase of 14% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGMS at https://www.zacks.com/ap/SGMS