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Shuffle Master 4Q Profit Doubles
Shuffle Master 4th-Quarter Profit More Than Doubles, Helped by Hefty Tax Benefit
January 10, 2008: 05:38 PM EST

NEW YORK (Associated Press) - Casino equipment maker Shuffle Master Inc. said Thursday its profit more than doubled in the fourth quarter, driven partly by a hefty tax benefit and product sales and services.

Shares of Shuffle Master jumped $1, or 11 percent, to $10.09 in aftermarket trading, having closed earlier at $9.09.

For the quarter ended Oct. 31, the company earned $8.2 million, or 23 cents per share, compared with $3.2 million, or 9 cents per share, in the same quarter a year ago.