Scientific Games Stock Takes Hits – Analyst Blog

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Shares of Scientific Games Corporation ( SGMS ) fell 21.8% and closed at $13.85 after the company released its third quarter results. Management Changes The company announced the retirement of Mr. Joseph R. Wright from the post of CEO at year-end, although he will continue on the board. Mr. Michael R. Chambrello was named the new CEO. This news affected the company’s stock price negatively. Results Analysis Earnings, excluding the impact of one-time items, were 24 cents per shar
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