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UPDATE 2-WMS Industries reports 31 pct jump in net income

Mon Aug 3, 2009 5:08pm EDT

Stocks

   

* Net income of 49 cents vs 47 cent Wall St estimate

* Sees 2010 revenue of about $760 mln to $780 mln

* Shares little changed on NYSE (Adds details on outlook, share move)

NEW YORK, Aug 3 (Reuters) - Slot maker WMS Industries Inc (WMS.N) reported a 31 percent jump in quarterly net income on Monday, boosted by higher revenue.

Fiscal fourth-quarter profit rose to $28.4 million, or 49 cents per share, from $21.6 million, or 36 cents per share, in the year-ago quarter.

Analysts, on average, had expected a profit of 47 cents per share, according to Reuters Estimates.

Revenue for the quarter rose 5.5 percent to $195.8 million, in line with the average forecast by Wall Street analysts.

The company said it expected to see fiscal 2010 revenue of about $760 million to $780 million, about 8 percent to 10 percent higher than 2009 levels, boosted by the expansion of its products into new markets.

WMS Industries also said it expected fiscal first-quarter revenue to jump as much as 11 percent to a range of $160 million to $168 million.

Shares were little changed after-hours on the New York Stock Exchange. (Reporting by Deepa Seetharaman; Editing Bernard Orr and Steve Orlofsky)



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