Revenue Update on Scientific Games Corp(NASDAQ:SGMS)

Scientific Games Corp(NASDAQ:SGMS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $729.20M. Analysts estimated a revenue of $710.67M. Earnings per share were $-0.88. Analysts had estimated an EPS of $-0.79.

Scientific Games Corp (SGMS) remained unchanged at the close of Wednesday session. Even as the volume increased to 6,26,619 ,the shares failed to make any impression and ended at 0 points or 0.00% at $8.99. The trading session commenced at $9 and the stock hit a high of $9.0822 and touched $8.8375 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $13.17 and the 52-week low is $4.5601. The company has a market cap of $787 M and has approximately 8,75,23,669 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Peter A Cohen (director) sold 20,900 shares at $9.94 per share price.Also, On Nov 18, 2015, Michael Gavin Isaacs (CEO) purchased 30,000 shares at $7.96 per share price.On Jun 30, 2015, Steven Beason (Enterprise CTO) sold 13,790 shares at $16.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming and lottery industries. The Company operates in three segments: Gaming Lottery and Interactive. Gaming segment designs develops manufactures markets and distributes gaming machines VLTs server-based gaming machines casino-management systems hardware and software table game products video lottery central monitoring and control systems. Lottery segment manufactures and sells instant games as well as the provision of services such as game design sales and marketing support specialty games and promotions warehousing as well as instant game category management. Interactive segment offers play-for-fun social games on Facebook GooglePlay for Android devices Apple’s iOS platform Kindle platform and Microsoft Windows 8. Its brands include MONOPOLY GREASE Jackpot Party Progressive AMC-THE WALKING DEAD HARLEY-DAVIDSON and LOTERIA among others.

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