Eldorado Resorts: 2Q Earnings Snapshot
Aug. 02, 2018
RENO, Nev. (AP) _ Eldorado Resorts Inc. (ERI) on Thursday reported second-quarter net income of $36.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Reno, Nevada-based company said it had profit of 47 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The casino and resort operator posted revenue of $456.8 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $458 million.
Eldorado Resorts shares have risen 25 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.40, more than doubling in the last 12 months.