Thursday, March 4, 2021 4:29 PM EST
By The Associated Press
LAS VEGAS (AP) _ PlayAGS Inc. (AGS) on Thursday reported a fourth-quarter loss of $17.2 million, after reporting a profit in the same period a year earlier.
The Las Vegas-based company said it had a loss of 49 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The gaming industry supplier posted revenue of $46.6 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $48.5 million.
For the year, the company reported that its loss widened to $85.4 million, or $2.40 per share. Revenue was reported as $167 million.
PlayAGS shares have risen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.04, a fall of nearly 2% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGS at https://www.zacks.com/ap/AGS