Bally Technologies, Inc. (NYSE:BYI), a leader in slots, video machines, casino management, interactive and mobile applications, and networked systems for the global gaming industry, announced diluted earnings per share ("Diluted EPS") of $0.45 on revenue of $195 million for the three months ended September 30, 2011. The Company has $64 million available under the terms of its credit agreement for share repurchases for the remainder of fiscal 2012, and $116 million available under its Board-authorized share repurchase plan. However, under the terms of the Company's credit agreement, there are no limitations on share repurchases when the Company's debt to Adjusted EBITDA ratio is less than 2.0 times. The Company's debt to Adjusted EBITDA ratio improved to 2.04 times as of September 30, 2011. Total debt decreased by approximately $9 million since June 30, 2011.
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(BYI, UIL, MJGCF, MET) Stock in Review by CRWEWallStreet.com
October 27th, 2011 at 10:32 am