Bally Technologies reports slight profits drop

11 May 2009

By Amanda Finnegan, Las Vegas Sun

LAS VEGAS, Nevada -- Bally Technologies reported a slight drop in profits today when the company cited net income fell 3 percent to $29.3 million in the third quarter of 2009 compared to $30.2 million the same period last year.

Earnings per share remained steady at 52 cents share, identical to 2008 third quarter results.

The Las Vegas based gaming supply company reported revenues fell 11 percent during the quarter to $208 million from $233 million in the third quarter of 2008.

Earnings before taxes, interest, depreciation and amortization decreased to $71 million in the third quarter of 2009 compared to $74 million in the same period of 2008.

Gaming operations revenues increased 19 percent to $70 million, a record high Bally said, compared to $58.9 million in the third quarter of 2009.

Bally Technologies shares closed today at $28.52, down 2.43 percent.