Adjusted guidance from Amaya points to mixed expectations
News on 21 Jan 2016
News on 21 Jan 2016
Online gambling behemoth Amaya Inc., published an update today (Thursday) to its 2015 full-year financial guidance as previously announced on November 10, 2015.
Amaya said it anticipates full year 2015 revenues and adjusted earnings per share at the upper end of previous guidance, but that the adjusted net leverage ratio may fall within the lower end of the previously announced guidance range.
In November 2015 Amaya guided 2015 revenues in a range of $1.02 to $1.06 billion, topping a Wall Street estimate of $904 million. The company projected adjusted EPS in a range of $1.32 to $1.39, exceeding an estimate of $1.20. Shares in the company are at $10.02 in a 52-week range of $14.10 – $37.52.
The Wall Street Journal reports that Amaya stock decreased 4.66 percent or $0.49 during the last trading session, with the stock down on the Nasdaq 60.87 percent since June 16, 2015 and trending downwards. It has underperformed the S&P500 by 49.57 percent.
“There were no material changes to the assumptions used to determine the previously announced guidance or the update provided in this release,” a company statement advised. “Such update is based on unaudited expected results.”
