UPDATE 1-Shuffle Master Q1 misses Street, shares fall

Thu Mar 11, 2010 4:52pm EST

* Q1 EPS $0.07 vs est $0.08

* Q1 rev $40.3 mln vs est $43.4 mln

* Shares down 5 percent after the bell

March 11 (Reuters) - Casino-game maker Shuffle Master Inc (SHFL.O) posted quarterly results below market estimates, hurt by lower sales of its owned table game products, sending its shares down 5 percent.

For the first quarter ended Jan. 31, net profit was $3.7 million, or 7 cents a share, compared with a net loss of $1.0 million, or 2 cents a share, a year ago.

Revenue at the company, which makes gambling tables, slot machines and card shufflers, rose 17 percent to $40.3 million. Sales of proprietary table games fell 6 percent to $9 million.

Analysts on average were expecting earnings of 8 cents a share, on revenue of $43.4 million, according to Thomson Reuters I/B/E/S.

Shares of the Las Vegas-based company were down at $8.50 after the bell. They closed at $8.93 Thursday on Nasdaq. (Reporting by Mihir Dalal in Bangalore; Editing by Gopakumar Warrier)

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