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Deutsche Bank Comments On Bally Technologies F3Q11 Results

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According to Deutsche Bank, Bally Technologies (NYSE: BYI) held its F3Q11 conference call Thursday evening and provided an update to its pre-announcement made in early April.

Deutsche Bank said that Management still expects FY11 EPS of $1.82 - $1.95 (excluding the benefit of the previously announced stock tender which is scheduled to close in early May). “In our view, BYI's overall outlook resonated with that of its closest competitors, characterized by a general lack of visibility in terms of the North American replacement cycle and a highly competitive overall environment. Shares should not react materially to these results, in our view.”

Bally Technologies closed yesterday at $39.21.

 

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