Profit Soars at Lottery Operator Gtech

Lottery Post — Wed, 17 Dec 2003 09:18:44 GMT

Gtech Holdings Corp., the world's largest operator of lottery systems, posted a 40 percent jump in profit for its latest quarter, beating Wall Street estimates.West Greenwich-based Gtech also raised its fiscal 2004 earnings estimates again and predicted fiscal 2005 earnings would beat analysts' expectations.Net income for the third quarter ended Nov. 22 soared to $45.9 million, or 69 cents a share, from $32.8 million, or 58 cents a share, a year earlier.However, the latest results included a gai... [ More ]