International Game Technology (IGT) has released an update.
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International Game Technology (IGT) reported a third-quarter revenue of $587 million, highlighting growth in Italy and improved U.S. lottery activities. Despite a restructuring charge impacting operating income, IGT’s focus on its lottery business has resulted in a robust adjusted EBITDA margin of 44.9%. The company is aligning its operations towards a leaner, more profitable model post the sale of its Gaming & Digital segment.
For further insights into IGT stock, check out TipRanks’ Stock Analysis page.