GTECH profit, revenue decline for fourth consecutive quarter

GTECH S.p.A. reported a 9 percent decline in second-quarter profit compared with the same period last year, a drop CEO Marco Sala said was the result of
GTECH S.p.A. reported a 9 percent decline in second-quarter profit compared with the same period last year, a drop CEO Marco Sala said was the result of "comparison with a very good second quarter last year." / PBN FILE PHOTO
PROVIDENCE – GTECH S.p.A. on Thursday reported second-quarter net income of 65.6 million euros ($89.9 million based on the exchange rate of $1.37 per euro on June 30), a 9 percent decline compared with the €72.1 million ($98.8 million) income for the same period last year. GTECH’s revenue also dropped in the second quarter, falling…
Free Access WeekRegister to read all articles free until July 29! One week only, get full access to all articles on PBN.com when you create a complimentary account. Register Now Already a Subscriber or Registrant? Login now

No posts to display