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Aristocrat Leisure's Fiscal H1 Segment EBITA Misses Estimate by 2%, Jefferies Says

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Aristocrat Leisure's (ASX:ALL) fiscal first-half segment earnings before interest, taxes, and amortization (EBITA) of AU$1.53 billion was a 2% miss to Jefferies' estimate of AU$1.57 billion, per a Wednesday note from Jefferies.

Gaming EBITA was in line with consensus, with slightly weaker margins offsetting revenue. Product Madness was a 7% miss compared to consensus EBITA, driven by a revenue miss.

Content revenue growth accelerated to 25% year over year. However, it missed consensus expectations by 4%.

The investment firm reaffirmed a buy rating and a price target of AU$62 on Aristocrat Leisure.

Aristocrat Leisure's shares surged past 12% in recent Wednesday trade.

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