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Alliance Gaming Shares Plunge

8 Jun 2004

LAS VEGAS – As reported by CBS MarketWatch: "Shares of Alliance Gaming came apart early Tuesday, losing 21 percent after the company warned that its profits would fall short of prior projections due to lower revenue, regulatory uncertainty and higher costs.

"Before the bell Tuesday, Alliance said that it now expects to earn 96 cents to $1 a share from continuing operations for the current fiscal year ending June.

"…For fiscal 2005, it is looking at between $1.20 to $1.30 a share, well below the $1.43 average estimate of analysts polled by Thomson First Call.

"…Shares of Alliance plunged $4.46 to $16.93.

 
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