Boyd Gaming Corp. Q3 Profit Decreases, misses estimates

(RTTNews) - Boyd Gaming Corp. (BYD) revealed earnings for third quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $135.2 million, or $1.34 per share. This compares with $157.0 million, or $1.46 per share, in last year's third quarter.

Excluding items, Boyd Gaming Corp. reported adjusted earnings of $137.3 million or $1.36 per share for the period.

Analysts on average had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $903.2 million from $877.3 million last year.

Boyd Gaming Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $135.2 Mln. vs. $157.0 Mln. last year. -EPS (Q3): $1.34 vs. $1.46 last year. -Analyst Estimates: $1.47 -Revenue (Q3): $903.2 Mln vs. $877.3 Mln last year.