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WMS earnings tumble 39% • This Week in Gambling
Chicago Tribune – Game machine maker WMS Industries Inc. said Thursday that its fiscal fourth-quarter profit tumbled 39 percent as higher costs offset improved revenue. The Waukegan company earned $13.5 million, or 24 cents per share in the quarter that ended June 30, compared with $22.1 million, or 40 cents per share a year earlier. WMS’ results were hurt by a charge of 4 cents per share related to its pending acquisition by rival Scientific Games Corp., an increase in selling and administrative costs and higher interest expenses. Revenue rose 4 percent, to $202.8 million. WMS said sales were driven...
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