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twitterStrong earnings expected
Tuesday, Nov. 28, 2000 | 10:44 a.m.
Shuffle Master Inc. of Las Vegas announced Monday that it expects to report net earnings of 32 cents per share for the quarter ending Oct. 31.
The expected earnings would represent a 60 percent increase over the year-ago quarter, and would be a record for the company. Revenues are expected to reach $11.5 million for the quarter, up 45 percent. Earnings will be officially reported in mid-December.
Shuffle Master's stock will split 3-for-2 on Friday. The company's expected split-adjusted earnings are 22 cents per share.
The company did not specify the reasons for its earnings gains, but did refer to strength in its core business of card shufflers and table games, the successful launch of the company's slot machine operating software system, and the introduction of the company's first independently developed video slot machine.
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