WYOMISSING, Pa. (AP) — WYOMISSING, Pa. (AP) — PENN Entertainment, Inc. (PENN) on Thursday reported third-quarter profit of $33 million.
On a per-share basis, the Wyomissing, Pennsylvania-based company said it had profit of 24 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The casino operator posted revenue of $1.84 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.83 billion.
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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
Source: finance.yahoo.com
