Shuffle Master pops on gain in fiscal Q2 revenues
Shares of Shuffle Master, Inc. (Nasdaq:SHFL) got a boost in pre-market trading after the gaming supply company posted fiscal second-quarter revenues after Monday’s close that rose, despite that fact that the Las Vegas, Nev.-based firm continues to rely less and less on product sales as it builds its lease and service revenue base.
Revenues rose 10% quarter-over-quarter and trumped the consensus on Wall Street, while earnings slipped by a penny quarter-over-quarter.
Shares rose 10%, or $0.63, to $6.87 in pre-market trading. For detailed price information and recent news stories about Shuffle Master, click SHFL.
