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Non-Tech : Bill Wexler's Trading Cabana

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To: cubsfan who wrote (3710)	7/17/2008 11:12:08 AM
From: RockyBalboa	Read Replies (1) of 6370

This concludes my IGT posts: IGT downto $21 AP International Game reports lower 3Q earnings Thursday July 17, 10:27 am ET International Game reports 3Q earnings fall on slumping casino play RENO, Nev. (AP) -- International Game Technology says third-quarter earnings fell because of the slowing economy and an "unprecedented" decline in casino play. The Reno-based manufacturer of slot machines reports income for the quarter ending June 30 totaled $108.3 million, or 35 cents a share, compared with $136.4 million, or 41 cents a share, for the same period a year ago. Revenue declined to $677.4 million from $706.5 million a year earlier. Analysts surveyed by Thomson Financial had anticipated 36 cents per share and revenue of $677 million. In a conference call with analysts, the company lowered its guidance for the rest of the year from 35 to 40 cents per share to 30 to 35 cents per share.

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