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Sept 9 (Reuters) - Casino-game maker Shuffle Master Inc SHFL.O posted a 10 percent rise in quarterly profit, helped by a 23 percent jump in total lease and service revenue.
The company, which provides casinos with card shufflers, video slot machines and other products and services, posted third-quarter net income of $3.0 million, or 8 cents a share, up from $2.7 million, or 8 cents a share, a year earlier.
Earnings for the quarter ended July 31 were hurt by about 3 cents a share as a result of an impairment charge and the settlement of a distributor lawsuit, the company said.
Total revenue for the company, whose products also include roulette chip sorters and electronic table games, rose 10 percent to $49.5 million.
Analysts on average expected a profit of 10 cents a share, before exceptional items, on revenue of $47.9 million, according to Reuters Estimates.
The company, which competes with Elixir Gaming Technologies Inc EGT.A, Bally Technologies Inc BYI.N and International Game Technology (IGT.N), said total lease and service revenue stood at $20.3 million.
Revenue at the company’s utility segment rose 6 percent, while the proprietary table games segment revenue increased 9 percent. Electronic gaming machines segment revenue jumped 25 percent.
Shares of the Las Vegas-based company closed at $5 Tuesday on Nasdaq. (Reporting by Dilipp S. Nag in Bangalore; Editing by Deepak Kannan)