Global Cash Access 2010 outlook below analyst expectations
By APTuesday, February 23, 2010
Global Cash Access 2010 outlook below Street views
LAS VEGAS — Global Cash Access Holdings Inc., which provides cash access services at casinos, gave 2010 guidance on Tuesday below analyst estimates.
The company said it expects cash earnings of 73 cents per share to 75 cents per share for the year. Analysts polled by Thomson Reuters had been looking for 78 cents per share.
Global Cash also predicted its 2010 revenue will be the same or a bit lower than last year’s, which totaled $667.7 million. Analysts were expecting $670.4 million in revenue this year.
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