Shuffle Master Earnings: Here’s Why the Stock is Down Now

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shuffle Master Inc. (NASDAQ:SHFL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.19%.

The stock market is roaring back in 2013. Click here now to discover winning stocks!

Shuffle Master Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.29% to $0.12 in the quarter versus EPS of $0.14 in the year-earlier quarter.

Revenue: Rose 4.91% to $58.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Shuffle Master Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company missed the mean analyst estimate of $0.12. It missed the average revenue estimate of $59.89 million.

Quoting Management: “The diversity of our product segments among our widespread geographies enabled us to report year-over-year revenue growth despite seasonality in our EGM business in the first quarter, typically our softest of the year,” said Linster Fox, SHFL’s Chief Financial Officer. “We remain committed to investing internally in our team and in our products, expanding our business both internationally and online, and looking for accretive M&A opportunities that are a strategic fit. Our solid balance sheet and consistently strong cash flows affords us the flexibility to pursue these growth initiatives.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business