NEW YORK, July 24 (Reuters) - Scientific Games, maker of betting equipment and lottery systems, on Thursday said that earnings rose because of strong sales of online and instant lotteries demanded by fiscally strapped states.
The New York-based company said its earnings, after paying preferred dividends, rose to $10.7 million, or 14 cents per share, from $6.5 million, or 12 cents, a year earlier.
Analysts, on average, had expected the company to earn 16 cents per share, according to Reuters Research, a unit of Reuters Group Plc.
Sales rose 13 percent to $128.8 million from $114.3 million in the second quarter, the company said.
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The New York-based company said its earnings, after paying preferred dividends, rose to $10.7 million, or 14 cents per share, from $6.5 million, or 12 cents, a year earlier.
Analysts, on average, had expected the company to earn 16 cents per share, according to Reuters Research, a unit of Reuters Group Plc.
Sales rose 13 percent to $128.8 million from $114.3 million in the second quarter, the company said.
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