Dernières nouvelles pour Intl Game Tech (NYSE:IGT) Stock

Intl Game Tech

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and PlayDigital. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.

International Game Technology Ordinary Shares

International Game Technology PLC

Inception Growth Acquisition Limited - Common Stock

Inception Growth Acquisition Ltd

Inception Growth Acquisition Limited - Rights

Inception Growth Acquisition Limited - Units

Inception Growth Acquisition Limited - Warrants

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Innovator ETFs Trust Innovator Gradient Tactical Rotation Strategy ETF

INTERNATIONAL GAME TECHNOLOGY ORD

Everi Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVRI#NYSE">EVRI</a>) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, announced today that its stockholders have voted at a special meeting of Everi stockholders (the "Special Meeting") to approve the pending simultaneous acquisition of Everi and the Gaming &amp; Digital business of International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) (the "Apollo Funds") through a merger. As previously announced, pursuant to the terms of the merger agreement, Everi stockholders will receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger.

EVRI

Everi Announces That Its Stockholders Have Voted To Approve The Pending Simultaneous Acquisition Of Everi And The Gaming & Digital Business Of International Game Technology By A Newly Formed Holding Company Owned By Funds Managed By Affiliates Of Apollo Global Management; Everi Stockholders Will Receive $14.25 Per Share In Cash For Every Share Of Everi Common Stock They Own Immediately Prior To The Effective Time Of The Merger

International Game Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) reported third-quarter adjusted earnings per share of 2 cents loss, <a href="https://www.benzinga.com/pressreleases/24/11/n41895864/international-game-technology-plc-reports-third-quarter-2024-results-reflecting-continuing-operati" target="_blank" rel="noreferrer noopener">missing the street view of 21 cents earnings</a>. 
Quarterly sales of $587 million (down 2%) missed the analyst consensus of $591.5 million.
Sales fell as there was elevated U.S. multi-state jackpot activity in the prior year. This apart, the quarterly revenues was weighed by $38 million restructuring charge associated with proactively optimizing general and administrative, and operating activities following transformational actions over the last several years.
In the quarter under review, the company announced the sale of Gaming &amp; Digital business to funds managed by affiliates of Apollo Global Management, Inc. for $4.05 billion in cash.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41895937/wall-street-futures-show-weakness-as-investors-look-to-lock-in-gains-after-strong-post-election-rally-bull-market-sentiment-remains-intact-says-wharton-economist" rel="noreferrer noopener">Wall Street Futures Show Weakness As Investors Look To Lock In Gains After Strong Post-Election Rally: &#8216;Bull Market Sentiment Remains Intact,&#8217; Says Wharton Economist</a>
Italy saw a 2.7% increase in same-store sales, and there was improvement in U.S. instant ticket and draw game trends, partially offset by customer allowance. Other service revenue grew due to non-wager-based service contracts in Europe.
Operating income fell 33% year-over-year to $110 million, while operating income margin contracted to 18.7% from 27.1%.
The company reported a gross profit of $263 million, down from $278 million in the prior year. The decline was due to high profit flow-through from U.S. multi-state jackpot activity last year, partially offset by a positive geographic mix this year.
Adjusted EBITDA for the company was $264 million, compared to $279 million in the prior year. The adjusted EBITDA margin decreased to 44.9%, from 46.4% in the previous period.
International Game Technology&#8217;s long-term debt, less current portion, as of quarter end pegs at $5.406 billion. As of Sept. 30, the company reported total liquidity of $1.9 billion, including $500 million in unrestricted cash and $1.4 billion in available borrowing capacity from undrawn credit facilities.
Outlook: International Game Technology expects Q4 revenue for continuing operations to range between $640 million and $690 million, above the $632.04 million estimate.
For fiscal year 2024, the company anticipates total revenue of $2.5 billion to $2.55 billion, compared with the $2.506 billion estimate.
Price Action: IGT shares are trading higher by 0.47% to $21.50 premarket at last check Tuesday.
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Image: Wikimedia

Earnings

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News

Guidance

Markets

Movers

General

International Game Technology Misses Q3 Earnings Due To Restructuring Costs, Jackpot Sales Are Down

IGT Expects Q4 Revenue For Continuing Operations Of $640M - $690M, FY24 Revenue Of $2.50B - $2.55B (Est $2.506B)

Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.21 by 109.52 percent. The company reported quarterly sales of $587.00 million which missed the analyst consensus estimate of $591.50 million by 0.76 percent.&nbsp;

Earnings Misses

Intl Game Tech Q3 2024 Adj EPS $(0.02) Misses $0.21 Estimate, Sales $587.00M Miss $591.50M Estimate

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Earnings Scheduled For November 12, 2024

This contract was awarded following a competitive procurement process, and reflects a longstanding partnership between IGT and FDJ, built on mutual trust and a shared commitment to global sustainability.
Under the terms of the agreement, FDJ will have access to IGT&#39;s full suite of engaging instant ticket games, including its Infinity Instants&nbsp;games, IGT&#39;s digital instant ticket printing platform that provides unprecedented flexibility in the design, production, and marketing of instant games. IGT and FDJ will continue providing innovative player experiences, supported by responsible and sustainable business practices.
In addition to supplying instant tickets, IGT has served as the primary lottery central system supplier to FDJ since 2000 and provides FDJ with its central system hardware, instant ticket vending machines, and ongoing technology support and maintenance.

Contracts

IGT Subsidiary Wins Three-year Contract With La Française des Jeux, The Operator Of The French National Lottery, To Deliver Instant Ticket Games; No Terms Disclosed

The contract extension will begin&nbsp;July 1, 2027, and run through&nbsp;June 2037. The NCEL has been a valued IGT customer since the Lottery began in 2006.
Under the terms of the agreement, IGT will deploy its&nbsp;Aurora&nbsp;central system, a feature component of IGT&#39;s integrated lottery solution, OMNIA.
Additionally, IGT will provide upgraded Wizard back-office business applications, up to 8,500 newly launched Retailer Pro S2 terminals, 500 GameTouch&nbsp;28 self-service vending machines, 2,000 lottery play centers, 4,000 Jackpot signs, a dual cellular communication network, and expanded testing capabilities for the NCEL.

IGT Subsidiary Signs 10-Year Contract Extension With The North Carolina Education Lottery

The event will serve as the global trade show debut for new products across all segments and an opportunity to highlight IGT&#39;s excellence as an end-to-end global gaming supplier.

IGT Plans To Showcase Portfolio Of Games, Cabinets And Systems Innovations At The Global Gaming Expo In Las Vegas, Oct. 7- 10

Under the terms of the agreement, IGT PlaySports&nbsp;will continue as the exclusive retail sports&nbsp;betting&nbsp;platform provider for FanDuel&#39;s retail sportsbooks across&nbsp;North America&nbsp;for four additional years, starting&nbsp;September 1, 2024.
IGT PlaySports and FanDuel have worked together since 2019, when FanDuel opened its first sportsbook in the U.S. at The New Meadowlands Racing &amp; Entertainment in&nbsp;New Jersey.

FLUT

IGT Says Recently Renewed Multi-year Retail Sports Betting Agreement With FanDuel, An Operating Unit Within Flutter Entertainment

International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) ("IGT")&nbsp;today announced a benchmark offering of senior secured notes denominated in euros due 2030 (the "Notes"), by IGT Lottery Holdings B.V., a wholly-owned subsidiary of IGT,&nbsp;subject to customary market and closing conditions (the "Offering").&nbsp;Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
IGT intends to use the proceeds from the Offering to redeem the $499,999,000 of IGT's 6.500% Senior Secured Notes due 2025 outstanding at par, to pay certain debt issuance costs incurred in connection with the Offering and for general corporate purposes.

Offerings

IGT Plans to Redeem $500M in 2025 Notes with New Euro Bond Issuance

The contract was awarded following a competitive procurement.&nbsp;Under the terms of the agreement, SCML will have access to IGT&#39;s instant ticket content and innovations portfolio, including top-performing games. IGT will also provide SCML with marketing services including game development and analytics.

IGT Wins Three-year Primary Instant Ticket Printing And Related Services Contract With Portugal's National Lottery SCML

Per the agreement, the award-winning IGT PlaySports platform and trading advisory services are powering retail and mobile sports&nbsp;betting&nbsp;at Atlantis&nbsp;Casino&nbsp;Resort Spa in&nbsp;Reno, Nev.&nbsp;and Monarch&nbsp;Casino&nbsp;Resort Spa in&nbsp;Black Hawk, Colo.

MCRI

IGT Expands Sports Betting Footprint In Nevada And Colorado Through IGT PlaySports Technology And Services Agreement With Monarch Casino & Resort

Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) shares are trading higher on Wednesday. The company is anticipated to release 2024 fiscal year second quarter earnings on Thursday. Last week Apollo announced multiple investments and acquisitions <a href="https://www.benzinga.com/insights/news/24/07/39995677/1000-invested-in-apollo-global-management-10-years-ago-would-be-worth-this-much-today">with different companies</a>.
The Details: For the second quarter analysts estimate EPS of $1.76 and revenue of $3.87 billion. 
On Friday, Apollo announced that on behalf of some of its clients and investors it provided a $700 million capital solution to Sony Music Group. &#8220;This investment allows our clients to invest in high grade securities while helping Sony to execute its business plans,&#8221; said Apollo Partner Jamshid Ehsani.
Separately, International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) and Everi Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVRI#NYSE">EVRI</a>) is set to be acquired by Apollo. International Game Technology is only set to sell its gaming and digital business to Apollo.
Last Thursday, Apollo announced that it has entered into a definitive agreement with Advent International to acquire Evri, a large parcel delivery company in the United Kingdom. The transaction is expected to close during the third quarter.
How To Buy Apollo Global Management Shares 
By now you're likely curious about how to participate in the market for Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
See Also: <a href="https://www.benzinga.com/insights/analyst-ratings/24/07/40070051/beyond-the-numbers-6-analysts-discuss-outfront-media-stock">Beyond The Numbers: 6 Analysts Discuss Outfront Media Stock</a>
APO Price Action: At the time of writing, Apollo is trading 2.43% higher at $125.62 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: 4131445 from Pixabay.

What's Going On With Apollo Global Management Stock Wednesday?

Across the recent three months, 6 analysts have shared their insights on Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Intl Game Tech and provided 12-month price targets. The average target is $27.67, accompanied by a high estimate of $33.00 and a low estimate of $23.00. Highlighting a 2.33% decrease, the current average has fallen from the previous average price target of $28.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1722441640_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Intl Game Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>David Bain</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$30.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$26.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$33.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Hold</td>
<td>$24.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$23.00</td>
<td>$26.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Intl Game Tech. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Intl Game Tech compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Intl Game Tech's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Intl Game Tech's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/IGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Intl Game Tech analyst ratings.</a>
<h2>Get to Know Intl Game Tech Better</h2>
International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and PlayDigital. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.
<h3>Intl Game Tech: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Intl Game Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.57% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Intl Game Tech's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.69% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.56%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Intl Game Tech's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.8% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Intl Game Tech's debt-to-equity ratio is below the industry average. With a ratio of 3.82, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On Intl Game Tech Through 6 Analysts

Stifel analyst Jeffrey Stantial maintains Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) with a Buy and raises the price target from $26 to $30.

Price Target

Stifel Maintains Buy on Intl Game Tech, Raises Price Target to $30

International Game Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) shares are trading lower after <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">releasing results for the second quarter.</a>
The company reported quarterly adjusted earnings per share of 36 cents, beating <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40032401/international-game-technology-plc-reports-second-quarter-2024-results" rel="noreferrer noopener">the analyst consensus of 32 cents.</a>
Second-quarter revenues of $1.049 billion missed the street view of $1.059 billion, as strength in Gaming &amp; Digital is offset by elevated prior year <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">product sales in Global Lottery</a>.
International Game Technology said it generated over&nbsp;$460 million&nbsp;in cash from operations and over&nbsp;$260 million&nbsp;in free cash flow in the first half of the year.
Adjusted EBITDA was stable at&nbsp;$446 million, and Adjusted EBITDA margin expanded by 30 basis points.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40037706/whats-going-on-with-plug-power-stock-today" rel="noreferrer noopener">What&#8217;s Going On With Plug Power Stock Today?</a>
&#8220;The recently announced sale of our Gaming &amp; Digital business for&nbsp;$4.05 billion&nbsp;in cash is an important step in unlocking the intrinsic value of IGT&#8217;s best-in-class businesses,&#8221; said&nbsp;Vince Sadusky, CEO.
Global Lottery revenue of&nbsp;$613 million&nbsp;decreased 2% year-over-year, primarily due to a multi-year software license sale in the prior year.
Gaming &amp; Digital revenue of $436 million was up 1% versus the prior year.
Total liquidity of&nbsp;$1.7&nbsp;billion as of June&nbsp;30, 2024;&nbsp;$0.4&nbsp;billion in unrestricted cash and&nbsp;$1.3&nbsp;billion in additional borrowing capacity from undrawn credit facilities.
International Game Technology declared a quarterly cash dividend of $0.20 per common share (payment date of Aug. 27, 2024).
Due to the planned sale of the Gaming &amp; Digital business, the company expects to classify and report Gaming &amp; Digital results as discontinued operations beginning in the third quarter of 2024.
As a result, International Game Technology is withdrawing its<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> previously provided full-year financial outlook.</a>
Price Action: IGT shares are trading lower by 3.16% to $22.71 at last check Tuesday.
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Photo: Unsplash

International Game Technology Stock Falls Despite Q2 EPS Beat; Revenue Misses Estimates

Withdrawing Full Year 2024&nbsp;Outlook
Due to the planned sale of the Gaming &amp; Digital business, the Company expects to classify and report Gaming &amp; Digital results as discontinued operations beginning in the&nbsp;third quarter&nbsp;of 2024. As a result, the Company is withdrawing its previously provided full year financial&nbsp;outlook. The Company expects to provide an&nbsp;outlook&nbsp;for full year 2024 continuing operations once the preparation of the discontinued operations reporting is complete.

Intl Game Tech Withdraws FY24 Guide Of Revenue of ~$4.4B Due To The Planned Sale Of The Gaming & Digital Business

Earnings Beats

Intl Game Tech Q2 2024 Adj. EPS $0.36 Beats $0.32 Estimate, Sales $1.049B Miss $1.059B Estimate

B. Riley Securities analyst David Bain maintains Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) with a Buy and maintains $30 price target.

B. Riley Securities Maintains Buy on Intl Game Tech, Maintains $30 Price Target

Shares of Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) fell sharply during Friday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/SAIA/earnings">second-quarter financial results</a>.
Saia reported quarterly earnings of $3.83 per share which missed the analyst consensus estimate of $4.00 per share. The company reported quarterly sales of $823.24 million which missed the analyst consensus estimate of $826.55 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Saia shares dipped 18.6% to $398.01 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) gained 117.4% to $0.4639 after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.</li>
<li>Windtree Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>) shares jumped 101.3% to $6.67 after the company filed a request for the withdrawal of its registration statement on a Form S-1.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) gained 53% to $13.94.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares gained 46.2% to $10.83 after the company beat second-quarter earnings estimates.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREV#NASDAQ">CREV</a>) shares climbed 43.3% to $8.84. Carbon Revolution said it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1.</li>
<li>Everi Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVRI#NYSE">EVRI</a>) rose 41.1% to $12.93 after it entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 37% to $4.45.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) jumped 36.6% to $8.66 on better-than-expected second-quarter earnings and raising FY24 outlook.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) gained 35% to $0.9043.</li>
<li>CEL-SCI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVM#NYSE">CVM</a>) rose 28% to $1.55 after the company announced results from a bias analysis conducted for its concluded Phase 3 study of Multikine. Multikine cut the 5-year risk of death by half compared to control in its target population.</li>
<li>AudioEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) rose 25% to $24.52 following second-quarter results.</li>
<li>Pineapple Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAPL#NYSE">PAPL</a>) gained 24.4% to $1.1760. Pineapple Financial CSO Christa Lillian Mitchell bought a total of 2,000 shares at an average price of $0.88.</li>
<li>Douglas Elliman Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOUG#NYSE">DOUG</a>) climbed 23% to $1.66.</li>
<li>CareMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMAX#NASDAQ">CMAX</a>) rose 19% to $6.71.</li>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) rose 17.6% to $65.16.</li>
<li>Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) jumped 17% to $368.65 after the company reported better-than-expected second-quarter financial results.</li>
<li>Mohawk Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) gained 16.5% to $156.70 following mixed second-quarter earnings.</li>
<li>Karooooo Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) gained 16% to $33.40. Karooooo announced termination of secondary public offering of ordinary shares due to market conditions.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) climbed 15% to $118.99 after better-than-expected second-quarter financial results and FY24 EPS outlook raise.</li>
<li>International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) gained 13.4% to $22.86 after the company entered an agreement for its Gaming &amp; Digital business to be acquired by funds managed by affiliates of Apollo.</li>
<li>Altice USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATUS#NYSE">ATUS</a>) rose 12.1% to $1.76.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) rose 11% to $15.06.</li>
<li>Avantor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) surged 11% to $25.32 after the company reported better-than-expected second-quarter earnings results.</li>
<li>Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) gained 10.7% to $246.86 after the company reported better-than-expected second-quarter earnings results.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) shares gained 10.4% to $0.0415 after falling over 17% on Thursday.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) rose 9% to $20.58. Viasat announced new reporting segment structure.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares gained 8.7% to $914.71 as the company reported better-than-expected results for the first quarter. The company said it still expects net sales to increase approximately 10% year-over-year in fiscal year 2025 to $4.7 billion.</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) climbed 7.6% to $48.69 following strong second-quarter earnings and increased 2024 guidance.</li>
<li>Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) climbed 7.6% to $72.55 following better-than-expected second-quarter financial results and increased 2024 guidance.</li>
<li>Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) rose 7.4% to $25.98 after the company reported better-than-expected quarterly earnings results. Also, multiple firms raised their respective price targets on its stock.</li>
<li>Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) gained 6.8% to $319.30 after the company reported better-than-expected quarterly revenue results.</li>
<li>Ultra Clean Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) shares gained 4.7% to $47.26 following better-than-expected quarterly results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>NovaBay Pharmaceuticals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBY#NYSE">NBY</a>) shares dipped 59.6% to $0.7830 after the company reported pricing of $3.5 million underwritten public offering.</li>
<li>Tantech Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TANH#NASDAQ">TANH</a>) fell 46.9% to $0.2603.</li>
<li>Nature&#8217;s Miracle Holding Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) fell 46.4% to $0.2099 after the company announced pricing of $1.2 million public offering.</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) shares declined 40.7% to $63.97 after the company reported worse-than-expected second-quarter revenue results and issued weak FY24 revenue guidance.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) fell 29.6% to $1.3150. Predictive Oncology announced exercise of warrants for $1.26 million gross proceeds.</li>
<li>ProMIS Neurosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMN#NASDAQ">PMN</a>) declined 29.2% to $1.5006 as the company reported top-line data from its Phase 1a Alzheimer&#8217;s trial and announced up to $122.7 million private placement financing.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) dipped 26.1% to $1.53</li>
<li>Grom Social Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) fell 23.8% to $0.2751.</li>
<li>Ocean Power Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NASDAQ">OPTT</a>) shares declined 23.2% to $0.3188 after reporting fourth-quarter results.</li>
<li>Avinger, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGR#NASDAQ">AVGR</a>) fell 20.2% to $1.30.</li>
<li>Next Technology Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) declined 20.1% to $1.6299.</li>
<li>Zynex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYXI#NASDAQ">ZYXI</a>) shares fell 18.9% to $8.27 after the company reported worse-than-expected second-quarter financial results.</li>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) declined 17.6% to $1.24.</li>
<li>Ur-Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URG#NYSE">URG</a>) shares dipped 13.4% to $1.1250 after the company announced a proposed public offering of common shares.</li>
<li>BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) fell 12.6% to $32.53 following quarterly results.</li>
<li>Booz Allen Hamilton Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) declined 11.8% to $135.36 following a first-quarter earnings miss and soft EPS guidance.</li>
<li>Advent Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares fell 11.2% to $4.40 after gaining 3% on Thursday.</li>
<li>Tarsus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TARS#NASDAQ">TARS</a>) fell 9.1% to $25.67.</li>
<li>World Acceptance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRLD#NASDAQ">WRLD</a>) dipped 7.8% to $134.62 following weak quarterly sales.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) fell 7.4% to $25.61.</li>
<li>Olin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) shares declined 7.2% to $44.56 following a second-quarter earnings miss.</li>
<li>Carter&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>) shares fell 6.6% to $55.87 following weak quarterly sales.</li>
<li>Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) declined 6.3% to $213.01 after the European Medicines Agency adopted a negative opinion on the Marketing Authorization Approval for lecanemab.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) shares fell 6% to $38.18. Tandem Diabetes Care will release its second quarter results after the closing bell on Thursday, Aug. 1.</li>
<li>L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) declined 4.6% to $232.05 following second-quarter results.</li>
</ul>
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Intraday Update

Trading Ideas

AEYE

ATUS

AVGR

AVTR

BIIB

BJRI

CHTR

CMAX

COLB

COUR

CREV

DECK

DOUG

DXCM

FWRD

GROM

KARO

KITT

LBRDA

NMHI

Next Technology Holding Inc. - Ordinary Shares

NXTT

OPTT

PAPL

POAI

PSIG

SAIA

SDST

SGMO

SLNA

TANH

TARS

TNDM

TWOU

UCTT

VSAT

WINT

WRLD

ZYXI

Why Saia Shares Are Trading Lower? Here Are Other Stocks Moving In Friday's Mid-Day Session

International Game Technology reports Q3 results; initiates Q4 and FY24 outlook

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International Game reports Q3 adjusted EPS (2c), consensus 21c

International Game Technology declares $0.20 dividend

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IGT Third-Quarter 2024 Results: Focus on Lottery Business

International Game Technology PLC 2024 Q3 - Results - Earnings Call Presentation

International Game Technology PLC (IGT) Q3 2024 Earnings Call Transcript

International Game Technology (IGT) has released an update. International Game Technology PLC is set to divest its Gaming & PlayDigital businesses ...

International Game Technology to Sell Gaming Segment

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International Game Technology (IGT) Receives a Buy from Stifel Nicolaus

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