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Stock impact report

Light & Wonder Beats Q3 Earnings Estimates on Higher Revenues [Yahoo! Finance]

Light & Wonder, Inc. (LNW) 
Company Research Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar The Las Vegas-based cross-platform games and entertainment company reported the ninth consecutive quarter of double-digit revenue growth, exemplifying its portfolio strength and resilient business model. Net income in the reported quarter was $64 million or 71 cents per share compared with $75 million or 81 cents per share in the year-ago quarter. The decrease in GAAP earnings despite top-line growth was primarily due to higher operating costs. Non-GAAP net income was $1.34 per share, which beat the Zacks Consensus Estimate by 18 cents. Light & Wonder, Inc. price-consensus-eps-surprise-chart | Light & Wonder, Inc. Quote Total revenues in the third quarter of 2024 rose to $817 million from $731 million in the prior-year quarter, propelled by growth in all business verticals. However, the top line missed the consensus estimate of $827 million. Services revenues increased to $530 million from $503 milli Show less Read more
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