IGT posts $197M loss in Q1, cites COVID-19 pandemic

IGT LOST $197 million in the first quarter of 2020, impacted by shutdowns related to COVID-19. / PBN FILE RUPERT WHITELY
IGT LOST $197 million in the first quarter of 2020, impacted by shutdowns related to COVID-19. / PBN FILE RUPERT WHITELY
PROVIDENCE – International Game Technology PLC reported a loss of $197 million in the first quarter, or $1.21 per diluted share, due largely to COVID-19-related closures, the company said on Monday. One year prior, the company posted a profit of $178 million, or a gain of 20 cents per diluted share. Revenue for the first…

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