WMS Industries Inc. (NYSE:WMS) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
WMS Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 24.39% to $0.31 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 3.52% to $202.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: WMS Industries Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company met the mean analyst estimate of $0.31. It beat the average revenue estimate of $196.58 million.
Quoting Management: “Excellent customer and player demand for our innovative new Blade™ and Gamefield xD™ gaming machines drove year-over-year increases in new gaming machine sales and participation revenues, and these improvements, combined with continued strength in interactive products and services revenues, led to the growth in our quarterly revenues,” said Brian R. Gamache, Chairman and Chief Executive Officer. “Our investments in R&D during the last several years have supported the development of great new products, games and innovative new gaming experiences that deliver substantial value for our casino customers and have set WMS on a path for renewed long-term growth. At next month’s G2E® industry trade show, we’ll demonstrate our latest new products that offer engaging gaming entertainment, including a full range of new premium participation and for-sale games.”
Key Stats (on next page)…