Light & Wonder: Q2 Earnings Snapshot

August 9, 2022 GMT

LAS VEGAS (AP) _ Light & Wonder, Inc. (LNW) on Tuesday reported second-quarter earnings of $3.29 billion.

The Las Vegas-based company said it had net income of $34.61 per share. Losses, adjusted to account for discontinued operations, were 7 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The instant-win lottery ticket maker posted revenue of $610 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $597.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNW at https://www.zacks.com/ap/LNW