Bally Technologies (BYI) Drops Ahead Of Earnings
Investors are weary ahead of Bally Technologies (BYI: 30.50 -0.81%) releasing quarterly earnings on Thursday August 12, with shares down 2.94%.
The casino game developer will release its fiscal 2010 earnings after the market closes tomorrow, with analysts anticipating quarterly earnings of $0.56 per share on revenue of $202 million and full year earnings of $2.17 per share.
Bally reported that earnings were down 23% to $22.6 million during the previous quarter that ended March 31, however after adjusting for one-time items, Bally topped consensus estimates buy a penny hitting $0.52 per share.
Bally is currently trading below its 50 day moving average of $35.31 and below its 200 day moving average of $40.25, reaching its highest trading price for the month of $33.43 on August 2 and its lowest price of $31.51 on August 10.