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Casino Beacon > Online Casinos > New Casino Bonuses > Bonus Archive 17 July 2008 International Game Technology Reports 2008 Results International Game Technology has announced operating results for the third quarter ended June 30, 2008. Net income for the quarter was $108.3 million or $0.35 per diluted share versus $136.4 million or $0.41 per diluted share in the same quarter last year. For the nine-month period ended June 30, 2008, net income was $290.5 million or $0.92 per diluted share compared to $385.6 million or $1.14 per diluted share in the same period last year. Comparability for the year-to-date periods is affected by a number of significant items. A supplemental schedule of these items is included at the end of this release. "Although the market environment continues to be impacted by unfavorable economic conditions, IGT delivered strong revenues and gross profits during the third quarter," said Chairman and CEO TJ Matthews. "We furthered our server-based gaming initiatives with the release of several new models on our Advanced Video Platform (AVP) and the completion of the strategic acquisition of Million-2-1 in the third quarter, as well as closing the acquisition of substantially all of the assets of Cyberview Technology, Inc. in July. In addition, we have repurchased 14.6 million shares of IGT stock since April 18, 2008." |
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