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UPDATE: Shuffle Master Posts Downbeat FQ3 Results

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Earnings Scheduled For September 4, 2013

Shuffle Master (NASDAQ: SHFL) reported a 14% rise in its fiscal third-quarter profit.

Shuffle Master's quarterly profit climbed to $10.4 million, or $0.18 per share, versus $9.1 million, or $0.17 per share, in the year-ago period.

Its revenue rose 8.7% to $63.4 million. However, analysts were expecting earnings of $0.20 per share on revenue of $68 million.

Shuffle Master's gross margin climbed to 63.1% from 62.1%.

Shuffle Master shares dipped 6.80% to $14.38 in the after-hours trading session.

Posted-In: profitEarnings News


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