Wednesday 30th July 2008 |
Text too small? |
Aristocrat stock slumped 17% to A$505 on the ASX today. After the close of trading yesterday, the company said full-year operating profit would be A$190 million to A$200 million, down from previous guidance of A$247 million. First-half profit was about A$70 million, it said.
The outlook has been "significantly impacted by deteriorating economic conditions in North America and Australia," the company said in the statement. "The timing of new venue openings in emerging markets and the strengthening Australian dollar" also hurt earnings.
Demand in the US has stumbled as consumer confidence has waned. Revenue from casinos on the so-called Las Vegas Strip casino dropped 16% in May, the fifth monthly decline, according to Nevada's Gaming Control Board said.
No comments yet
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report