WMS Industries Inc., a prominent slot machine manufacturer, recently reported that its fourth quarter revenues increased, due to successful gaming operations and product sales. However, company officials also said that revenue growth did not meet the expectations of Wall Street experts.
The company reported that profits increased for all of its business enterprises over the quarter. Its quarterly profits rose to $7.7 million, from $900,000 in 2004. Nonetheless, market analysts projected that WMS Industries would earn 25 cents per share on revenue of $113.4 million; however, the slot machine maker came shy of that expectation, earning 22 cents per share.
For the coming fiscal year, the slots company predicted sales profits in the range of $475 million to $495 million. Wall Street projections for the same period reached $481.4 million.
