Brightstar Lottery PLC reports results for the quarter ended June 30 - Earnings Summary
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Brightstar Lottery PLC reported a quarterly adjusted loss of 18 cents per share for the quarter ended June 30, compared to an EPS of 20 cents last year. Revenue fell 39.8% to $631 million, missing analyst expectations of $621.41 million. The company reported a total loss of $58 million. Despite an 8.3% rise in shares this quarter, they have lost 3.0% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $18.00, 20.6% above the last closing price of $14.29.
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