Slot machine and terminal operator Accel Entertainment (NYSE:ACEL) reported Q2 CY2024 results topping analysts’ expectations , with revenue up 5.7% year on year to $309.4 million. It made a GAAP profit of $0.17 per share, improving from its profit of $0.11 per share in the same quarter last year.
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Accel Entertainment (ACEL) Q2 CY2024 Highlights:
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Revenue: $309.4 million vs analyst estimates of $301.3 million (2.7% beat)
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EPS: $0.17 vs analyst estimates of $0.15 (10.6% beat)
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Gross Margin (GAAP): 31.1%, up from 30.1% in the same quarter last year
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Video Gaming Terminals Sold: 25,757, up 1,998 year on year
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Market Capitalization: $907.1 million
Accel CEO Andy Rubenstein commented, “I am happy to report that we delivered another record-setting quarter, continuing to demonstrate the strength of our local,…
