Reduced EPS Estimates for International Game Technology

Brean Murray Carret & Co. are out with their research report today on Internation Game Technology IGT in which they reduce their FY 2011 EPS Estimates. BMC & Co. writes, "We are reducing our FY 2011 EPS estimates $0.08 to $0.84 and initiating our FY2012 EPS estimate of $1.01 due primarily to our more modest expectations for gaming ops segment and lower domestic replacement share." IGT reported an operating EPS of $0.18 for 4QFY10 which was $0.01 below the consensus estimate. IGT maintains a Hold Rating and is currently trading at $15.82.