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LV company reports record quarter

Friday, Feb. 18, 2000 | 10:41 a.m.

Shuffle Master Inc. of Las Vegas today reported record net income of $1.8 million, or 24 cents per share, for the quarter ending Jan. 31.

The earnings represented an 80 percent increase over Shuffle Master's net income of $1 million, or 13 cents per share, in the year-ago period. The lone analyst following the company had projected earnings of 19 cents per share.

Revenues for the quarter rose 42 percent to $8.5 million.

The company reported growth in all of its product lines. Shuffler lease revenue rose 12 percent, to $3 million, while shuffler sales and service increased 55 percent to $1.5 million. The company reported $2.9 million in table game revenue, a 31 percent increase, and slot revenue of $1.1 million, up from $153,000 in the year-ago quarter.

At midday on Wall Street today, Shuffle Master stock traded at $10.06, up 13 cents.

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