WMS Industries Inc. (NYSE:WMS) delivered a profit and missed Wall Street’s expectations, BUT 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 65% to $0.14 in the quarter versus EPS of $0.40 in the year-earlier quarter.
Revenue: Rose 1.08% to $177.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: WMS Industries Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.26. It beat the average revenue estimate of $175.44 million.
Quoting Management: “The 13% quarterly sequential increase in revenues reflects the encouraging initial contributions from our innovative new Blade and Gamefield xD gaming machines, solid customer demand and higher earnings performance for other recently introduced participation games such as MONOPOLY™ Legends™ theme and THE LORD OF THE RINGS™ 3-reel mechanical theme and for-sale games such as Triton’s Gold™, Zodiac Sisters™ and Great Owl® themes on the Bluebird®2e platform and Lantern Festival™ and Great Zeus™ themes on the new Blade platform, as well as continued strong revenue growth for our interactive products and services,” said Brian R. Gamache, Chairman and Chief Executive Officer. “Strong player and customer interest in recently launched gaming machines and the growing availability and rising popularity of our interactive products and services are establishing a platform for long-term success that we are supporting through stepped-up investments in new product development and in marketing efforts aimed at expanding the distribution and availability of our interactive products, services and game content.”
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