International Game Technology reports fourth-quarter earnings of $233.3M

Mar 9, 2017 9:00 AM

In a result that topped Wall Street expectations, International Game Technology (IGT) Thursday reported fourth-quarter earnings of $233.3 million. The company, now based in London, says it showed profits of $1.15 per share.

Earnings, adjusted for non-recurring gains, came to 88 cents per share.

The slot machine maker posted revenue of $1.32 billion in the period.

For 2016, the company reported net income of $211.3 million, or $1.05 per share, moving to a profit in the period. Revenue was reported as $5.15 billion.

IGT shares are up more than 8 percent since the beginning of 2017, while the Standard & Poor's 500 index has climbed 5.5 percent. The stock has increased 74 percent in the last 12 months.