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What: Shares of lottery solution provider Scientific Games
So what: The company actually missed earnings per share of $0.06 when it reported earnings per share of just $0.03. Revenue rose 19% to $234.6 million and came in just slightly ahead of estimates.
Now what: Management pointed to strong retail sales growth in lotteries as the largest driver for the increase in revenue, but I'm still a little concerned about the bottom line. The company has now missed bottom-line estimates in three straight quarters and has posted a loss over the last year. I'm selling this pop and sitting out until profits improve in a meaningful way.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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