Penn National Gaming: 4Q Earnings Snapshot

February 7, 2019

WYOMISSING, Pa. (AP) _ Penn National Gaming Inc. (PENN) on Thursday reported a loss of $42 million in its fourth quarter.

The Wyomissing, Pennsylvania-based company said it had a loss of 37 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The casino operator posted revenue of $1.16 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.15 billion.

For the year, the company reported profit of $93.5 million, or 93 cents per share. Revenue was reported as $3.59 billion.

For the current quarter ending in April, Penn National Gaming expects its per-share earnings to be 40 cents.

The company said it expects revenue in the range of $1.3 billion for the fiscal first quarter.

Penn National Gaming expects full-year earnings to be $1.37 per share, with revenue expected to be $5.21 billion.

Penn National Gaming shares have climbed 37 percent since the beginning of the year. The stock has decreased 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PENN at https://www.zacks.com/ap/PENN

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