SHFL Entertainment Inc. (SHFL), in the process of being acquired by Bally Technologies Inc. (BYI), reported a 38 percent drop in income for the third fiscal quarter.
The company said net income was $6.4 million or $0.11 per share compared to the $10.4 million or $0.18 per share reported a year ago. However, the company explained part of the reduction was due to expenses related to the acquisition. Without these charges, net income would have been $0.16 per share.
Revenues during the period grew 16 percent to $73.5 million, primarily driven by major increase in the sale of
Ray Poirier is the longtime executive editor at GamingToday.
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