LVS Results Lift the Market Vectors Gaming ETF Thursday, October 28, 12:31 PM ET, by Market News Video Staff Following strong earnings from the Las Vegas Sands (LVS), Barclays raised its price target on ...
WYNN Meets Estimates, ETFs to Watch: BJK, PEJ Wednesday, November 3, 8:37 AM ET, by Market News Video Staff Wynn Resorts (WYNN) met analyst estimates with its third quarter earnings report after the bell ...
IGT Falls on Earnings Miss and Guidance Wednesday, November 10, 11:42 AM ET, by Market News Video Staff International Gaming Technology (IGT) shares are slipping today after the slot machine producer disappointed analyst ...
By Market News Video Staff, Wednesday, November 10, 11:42 AM ET
International Gaming Technology (NYSE:IGT) shares are slipping today after the slot machine producer disappointed analyst with its fourth quarter earnings. Also disappointing investors today was weaker-than-expected guidance for 2011. The company said it expects earnings in the range of 77 to 87 cents per share, while Wall Street estimates were calling for 95 cents per share in 2011. IGT shares are trading lower by 2.8% today, well off the lows of the morning.
IGT is the fifth largest holding of the Market Vectors Gaming ETF (AMEX:BJK), trading lower by 0.8%. The Las Vegas Sands (NYSE:LVS) is the top stock in the fund, at 14.02% of the portfolio, followed by Wynn Resorts (NASDAQ:WYNN) at 7.49%.
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