Shuffle Master Shares Popped: What You Need to Know (SHFL)

Shuffle Master Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Today, shares of Shuffle Master (Nasdaq: SHFL ) are screaming "winner, winner, chicken dinner!" They're up by as much as 12% after the company reported better than expected earnings last night.

So what: Fourth-quarter revenue totaled $65.8 million, with earnings per share of $0.18. Both figures bested the consensus estimates of $61.9 million in sales and $0.17 per share in profit.

Now what: Shuffle Master CEO Gavin Isaacs called it a "sensational year" that ended with a "blockbuster quarter." He also noted that almost every financial metric that the company uses to gauge performance were record breakers. As the economy slowly recovers, gamblers tend to open their wallets more, and Shuffle Master will be there behind the scenes to profit as an important supplier to the gaming industry.

Interested in more info on Shuffle Master? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.