LAS VEGAS (AP) — LAS VEGAS (AP) — PlayAGS Inc. (AGS) on Thursday reported fourth-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier.
The Las Vegas-based company said it had profit of 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The gaming industry supplier posted revenue of $81.7 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $78.2 million.
For the year, the company reported that its loss narrowed to $8 million, or 22 cents per share. Revenue was reported as $309.4 million.
PlayAGS shares have risen 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.35, a drop of 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AGS">Zacks stock report on AGS at https://www.zacks.com/ap/AGS