Business News

Scientific Games Shares Rise


Shares of Scientific Games Corp. rose to their highest level since 2008 on Monday after the supplier of gaming products reported Q2 results which beat expectations compiled by Capital IQ.

Q2 sales rose 5% to $766.3 million from the year-ago period and topped the CapIQ mean for $732.9 million. The company’s loss per share narrowed to $0.44 from a loss of $0.59 last year and was better than expectations for a $0.51 loss. SGMS was up 19% in recent trade, with a new 52-week range of $8.07 to $32.75.