SAN DIEGO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating Light & Wonder, Inc. (NASDAQ: LNW) for potential violations of securities laws. Investors who have lost money in their investments are encouraged to learn more about potentially recovering their losses by contacting the firm. For additional details visit https://www.johnsonfistel.com/investigations/light-wonder-inc. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company shou ...

Core Viewpoint - Light & Wonder, Inc. is under investigation for potentially misleading investors regarding the success and legality of its DRAGON TRAIN® slot machines, following a court ruling that favored competitor Aristocrat Technologies [1][2][3]. Group 1: Legal Issues - The United States District Court for the District of Nevada granted a preliminary injunction against Light & Wonder, preventing any further commercialization of DRAGON TRAIN® due to allegations of misappropriating trade secrets from Aristocrat Technologies [1][2]. - The court indicated that Aristocrat is "extremely likely to succeed" in proving that Light & Wonder misappropriated its trade secrets during the development of DRAGON TRAIN® [2]. Group 2: Financial Impact - Following the court ruling on September 23, 2024, Light & Wonder's stock price plummeted by $21.97, a decrease of 19%, resulting in a loss of approximately $1.9 billion in shareholder value in just one trading day [2]. Group 3: Investor Actions - Hagens Berman is encouraging investors who have suffered significant losses in Light & Wonder to come forward and submit their losses, as well as to provide any information that may assist in the investigation [1][3].

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Light & Wonder, Inc. ("L&W" or the "Company") (NASDAQ:LNW) on behalf of L&W stockholders. Our investigation concerns whether L&W has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. D ...

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Light & Wonder, Inc. ("Light & Wonder" or "the Company") (NASDAQ: LNW). Investors who purchased Light & Wonder securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LNW. Investigation Details In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. Dis ...

Core Viewpoint - Light & Wonder has demonstrated strong financial performance with solid revenue growth, surpassing both top and bottom line estimates, indicating a resilient business model and portfolio strength [2][3][4]. Financial Performance - The company reported net income of $82 million or 90 cents per share for Q2 2024, a significant improvement from a net loss of $1 million or a loss of a penny per share in the same quarter last year [3]. - Total revenues increased to $818 million from $731 million year-over-year, exceeding the consensus estimate of $806 million [4]. - Gaming revenues reached $539 million, reflecting a 14% year-over-year growth, driven by strong sales of gaming machines and demand in gaming operations [5]. Revenue Breakdown - Services revenues rose to $526 million from $496 million in the prior-year quarter, while product sales increased to $292 million from $235 million [4]. - Revenues from SciPlay surged to $205 million, an 8% increase from $190 million, primarily due to the core social casino business [5]. - iGaming revenues grew to $74 million, up 6% year-over-year, supported by growth in North America [5]. Operational Metrics - Non-GAAP consolidated AEBITDA was $330 million, up from $281 million in the year-ago quarter, with an AEBITDA margin increase to 40% from 38% [6]. - Cash generated from operating activities for the first half of 2024 was $312 million, compared to $219 million in the same period last year [7]. Market Position and Outlook - Estimates for Light & Wonder have trended upward, with a consensus estimate shift of 5.97% over the past month [8]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [10]. - Light & Wonder's aggregate VGM Score is B, reflecting a solid position in the investment strategy landscape [9].

John Rensten/DigitalVision via Getty Images Light & Wonder, Inc. (NASDAQ:LNW) has continued its great growth momentum even above previously anticipated levels, again exceeding revenue expectations with the recently reported Q2 financials. The reported revenues of $818 million beat Wall Street's estimates by $20.7 million, but the EPS of $0.90 missed by $0.14 despite consistent continued momentum. I believe that there needs to be some caution in extrapolating the growth much further, though. In my previous a ...

Core Insights - Light & Wonder, Inc. reported strong second-quarter 2024 results, with both revenue and net income exceeding expectations, marking the eighth consecutive quarter of double-digit revenue growth, showcasing the company's robust portfolio and business model [1] Financial Performance - Net income for the quarter was $82 million, or 90 cents per share, a significant improvement from a net loss of $1 million, or a loss of one cent per share, in the same quarter last year, primarily driven by revenue growth [2] - Total revenues increased to $818 million from $731 million year-over-year, surpassing the consensus estimate of $806 million, with services revenues rising to $526 million and product sales reaching $292 million [3] - Gaming revenues were $539 million, reflecting a 14% year-over-year increase, supported by sales growth in gaming machines and strong demand in gaming operations and systems [4] Segment Performance - Revenues from SciPlay grew to $205 million from $190 million year-over-year, an 8% increase driven by the core social casino business, with average revenue per daily active user reaching a record-high of $1.04, up 12% year-over-year [4] - iGaming revenues rose to $74 million, a 6% increase from the previous year, fueled by growth in North America [4] Operational Metrics - Non-GAAP consolidated AEBITDA was $330 million, up from $281 million year-over-year, with an AEBITDA margin increasing to 40% from 38% [5] - For the first half of 2024, the company generated $312 million in cash from operating activities, compared to $219 million in the same period last year, with cash and cash equivalents totaling $321 million as of June 30, 2024 [6]

Light & Wonder (LNW) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.54%. A quarter ago, it was expected that this instantwin lottery ticket maker would post earnings of $0.70 per share when it actually produced earnings of $0.93, delivering a surprise of 32.86%. Over the last fou ...

The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This instant-win lottery ticket maker is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of +2%. The consensus EPS estimate for the quarter has been revised 0.74% higher over the last 30 days to the current level. This is es ...

Company Overview - Light & Wonder, Inc., formerly known as Scientific Games Corporation, is a leading developer of technology-based products and services for the gaming, social, and digital gaming industries globally. The name change occurred on April 28, 2022, following the sale of the Lottery Business, aligning with its vision of becoming a leading cross-platform global games company [6]. Investment Ratings - Stocks are assigned ratings of A, B, C, D, or F based on value, growth, and momentum characteristics, with A being the highest rating indicating a better chance of outperforming [2]. - A stock with a 1 (Strong Buy) rating has produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9]. Style Scores - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles to identify stocks with attractive value, growth forecasts, and momentum [12][23]. - Value investors utilize ratios like P/E, PEG, and Price/Sales to identify discounted stocks, while momentum investors focus on price trends and earnings outlook [8][13]. Earnings Estimates - For fiscal 2024, one analyst revised their earnings estimate higher, with the Zacks Consensus Estimate increasing by $0.03 to $4.18 per share. Light & Wonder also has an average earnings surprise of 82.7% [17]. Current Ratings - Light & Wonder is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid position in the market [21][26].