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Third Quarter Results are in for PlayAgs With Moderate Losses

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The third quarter was not impressive for PlayAgs given the $0.16 per share value versus the Zacks Consensus Estimate of $0.03. The company has not been able to reach its target price.

In the same report, earnings were also down −633.33%. Just a few months early, PlayAgs expected more than the $0.07 delivered. The resulting loss was −143.75%.

Back to Q3 ending September 30, revenues rose enough to pass the estimate by 1.50% topping $79.38 million. Compared to last year at $75.53 million, things are not all bad.

Looking at the big picture, PlayAGS shares have lost about 46.1% since January of 2019 versus the S&P 500’s gain of a healthy 22.7%.

Source: https://europeangaming.eu/portal/latest-news/2019/11/11/58330/playags-reports-q3-2019-results/

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About the author

Carol Kay

Carol Kay

Carol Kay is an American editor and writer living in California with a background in business and finance, health and fitness and popular culture. She is the author of numerous books and articles on a variety of subjects. She is dedicated to disseminating information of public import on the internet.

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