The Stars Group beats by $0.06, beats on revs; updates FY18 EPS and revs guidance, in-line with estimates
- Reports Q2 (Jun) earnings of $0.60 per share, $0.06 better than the Capital IQ Consensus of $0.54; revenues rose 34.8% year/year to $411.5 mln vs the $380.8 mln Capital IQ Consensus.
- Co issues in-line guidance for FY18, sees EPS of $1.99-2.22 vs. $2.22 Capital IQ Consensus Estimate; sees FY18 revs of $1.995-2.145 bln vs. $2.03 bln Capital IQ Consensus Estimate.
- Co is updating its 2018 full year financial guidance ranges on a consolidated basis to reflect expected partial year contributions from the Australian acquisitions and the Sky Betting & Gaming acquisition and the impact from changes in The Stars Group's capital structure as a result of such acquisitions, including increases in The Stars Group's long-term debt outstanding and number of common shares issued.
