Slot machine maker WMS sees decline in quarterly revenues
7 Aug 2012
The company, headquartered in Waukegan, Ill., said net revenues for the quarter were $195.9 million, a decline of 3.5 percent. However, net income for WMS was $22.1 million, or 40 cents per share. In the same quarter a year ago, the company had net income of $10.3 million, or 18 cents per share.
"We have returned to a normalized rate of new product introductions," WMS Chairman Brian Gamache said in a statement.
He said the company improved sales of new slot machines, including games to replace older machines, to casinos in the United States and Canada.
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