Light & Wonder Inc (LNW) said after close Thursday that it earned $0.83 per share in quarter three 2023.
On the revenue line, the company reported $731 million, beating estimates by $18 million.
In the same quarter a year ago, the company earned $0.14 per share on revenue of $648 million.
The stock is up 8.81% to $84.95 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.
Light & Wonder Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 98, putting Light & Wonder Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $80 on November 8, 2023 and set a 52-week low on November 10, 2022 at $53.11.
Light & Wonder, Inc., formerly Scientific Games Corporation (SG), is an American corporation that provides gambling products and services. The company is headquartered in Las Vegas, Nevada.Light & Wonder's gaming division provides products such as slot machines, table games, shuffling machines, and casino management systems. Its brands include Bally, WMS, and Shuffle Master.
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Light & Wonder Inc Up 8.81% To $84.95 After Earnings Beat
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