Angelica Ballesteros
3 min read
In This Article:
We recently published an article titled Massive Sell-Offs Just Hit These 10 Stocks Today. In this article, we are going to take a look at where International Game Technology PLC (NYSE:IGT) stands against the other stocks.
Wall Street’s main indices finished mixed on Tuesday, as investors digested the country’s latest inflation figures, which came out lower than expected.
On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021.
Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent.
Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
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International Game Technology PLC (NYSE:IGT) tumbled by 9.5 percent on Tuesday to close at $16.19 apiece as investor sentiment was weighed down by a dismal earnings performance in the first three months of the year.
In a statement, International Game Technology PLC (NYSE:IGT) said attributable net income dropped by 67 percent to $27 million from $82 million in the same period last year, while revenues declined by 11.8 percent to $583 million from $661 million year-on-year.
Following the figures, International Game Technology PLC (NYSE:IGT) lowered its full-year outlook for the rest of the year, with revenues expected to settle at $2.55 billion and adjusted EBITDA at $1.1 billion, both aligning with the low end of the original ranges provided in February 2025.
"First quarter profit was in line with expectations at constant currency, and we delivered strong cash conversion," said CFO Max Chiara. ”Given lower US multi-state jackpot activity and the current worsening macroeconomic environment, we believe it is likely we will be at the low end of the full-year revenue and Adjusted EBITDA guidance provided in February.”
Overall IGT ranks 7th on our list of Tuesday's worst performers. While we acknowledge the potential of IGT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IGT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
