Why Scientific Games Corp. Stock Soared on Monday
Shares of casino and lottery gaming company Scientific Games (NASDAQ: SGMS) jumped as much as 24.5% on Monday after it reported its second-quarter financial results. The stock was up 24.2% at the time of this writing.
Scientific Games reported Q2 revenue of $766.3 million and a loss per share of $0.44. Both metrics were better than analysts were expecting. On average, analysts had forecast revenue of $733 million and a loss per share of $0.52.
Scientific Games' TwinStar 3RM interactive gaming. Image source: Scientific Games.
Source: Fool.com