NEW YORK (TheStreet) -- Bally Technologies
(BYI) reported record fourth quarter revenue of $342 million, slightly ahead of analysts estimates of $341.6 million, with earnings of $1.20, 3 cents short of analysts expectations.
The casino gaming device manufacturer's total revenue for the quarter was up 29% over the previous year while operating income decreased 8% to $60 million.
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TheStreet Ratings team rates BALLY TECHNOLOGIES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:"We rate BALLY TECHNOLOGIES INC (BYI) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows
- You can view the full analysis from the report here: BYI Ratings Report
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