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Global Cash Access sets 2008 earnings estimate



By AP
08 May 2008 @ 10:21 am EST

LAS VEGAS - Global Cash Access Holdings Inc., which provides ATMs and other cash machines for casinos, said Thursday it expects earnings from continuing operations in 2008 to range between 42 cents and 48 cents per share.

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Global Cash Access' earnings from continuing operations totaled $6.1 million, or 8 cents per share during the first quarter.

The company expects 2008 revenue to range between $646 million and $664 million.

Analysts polled by Thomson Financial, on average, forecast revenue of $624.9 million.

In morning trading, shares fell a penny, to $5.92.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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