WMS Industries jumps 31% during the 4th quarter

Aug 11, 2009 5:06 PM
Earnings by Ray Poirier | The reason so many gaming analysts have been boosting equipment manufacturers over casino operators can be found in the quarterly report filed by WMS Industries Inc. (WMS).

The company said quarterly income jumped 31 percent during the fiscal fourth quarter that ended on June 30. Profit rose to $28.4 million or $0.49 per share compared to last year’s $21.6 million or $0.36 per share.

Revenues increased by 5.5 percent to $195.8 million. For the next fiscal year, the company expects revenues to be between 8 and 10 percent higher.