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SGMS - Why Scientific Games Stock Popped on Friday
Scientific Games Corp
Shares of Scientific Games(NASDAQ: SGMS) traded higher on Friday, after the gambling products and services company reported results for the second quarter of 2020. As of 3:30 p.m. EDT, the stock was up 13% for the day. It was a small reprieve for shareholders who are still down more than 30% in 2020.
Scientific Games generated $539 million in revenue in Q2, down 36% year over year. But analysts expected around $460 million in revenue, resulting in a large relative outperformance.