05.05.2022 13:27:07

Penn National Gaming Inc Q1 Profit Drops, misses estimates

(RTTNews) - Penn National Gaming Inc (PENN) released earnings for first quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $51.7 million, or $0.29 per share. This compares with $91.0 million, or $0.55 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.8% to $1.56 billion from $1.27 billion last year.

Penn National Gaming Inc earnings at a glance (GAAP) :

-Earnings (Q1): $51.7 Mln. vs. $91.0 Mln. last year. -EPS (Q1): $0.29 vs. $0.55 last year. -Analyst Estimates: $0.43 -Revenue (Q1): $1.56 Bln vs. $1.27 Bln last year.

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PENN Entertainment Inc 17,71 3,29% PENN Entertainment Inc