REFILE-UPDATE 1-Bally Technologies' Q4 profit beats Street
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Aug 20 (Reuters) - Casino gaming equipment maker Bally Technologies Inc BYI.N beat market estimates with a 69 percent rise in fourth-quarter profit on strong sales of its computerized monitoring systems and backed its fiscal 2009 profit outlook, sending its shares up as much as 6 percent.
Las Vegas-based Bally reported net income of $31.3 million, or 54 cents a share, up from $18.5 million, or 33 cents a share, a year earlier.
Excluding stock-based compensation expense, the company earned 57 cents a share.
Bally, which also owns and operates the Rainbow Casino in Vicksburg, Mississippi, said total revenue rose 22 percent to $247 million in the quarter.
Analysts on average expected the company to earn 53 cents a share, before items, on revenue of $242.3 million, according to Reuters Estimates.
The company, whose rivals include International Game Technology (IGT.N: Quotazione) and Shuffle Master Inc SHFL.O, said its systems segment, which includes the sale and support of computerized monitoring systems, achieved a revenue growth of 52 percent.
While revenue from its gaming equipment unit, including the sale of gaming devices, rose 9 percent, the company's gaming operations business, which includes the lease and rental of gaming devices, climbed 36 percent. Continua...