International Game Technology (IGT) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
International Game Technology PLC (IGT) has reported a strong financial performance for the second quarter of 2024, with a total revenue of $1.05 billion and operating income of $230 million, marking a stable year-over-year comparison. The company has seen record operating income and Adjusted EBITDA in the first half of the year, driven by their robust technology and strategic initiatives, particularly in the Global Lottery and Gaming & Digital sectors. Significant cash generation from operations and the recent sale of their Gaming & Digital business for $4.05 billion underscore IGT’s solid financial position and growth trajectory.
For further insights into IGT stock, check out TipRanks’ Stock Analysis page.