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Penn National Gaming (PENN) Misses Street's Q3 Views; Guides Q4; Cuts FY09 Outlook

October 21, 2009 7:22 AM EDT
PENN Hot Sheet
EPS Growth %: +52.1%

Financial Fact:
Net revenues: 736.06M

Today's EPS Names:
TARO, BRLI, TLB, More
Penn National Gaming Inc. (Nasdaq: PENN) reports Q3 EPS of $0.33, ex-items, 2 cents lower than the analyst estimate of $0.35. Revenue for the quarter was $620.4 million, which compares to the estimate of $642.03 million.

Sees Q4 EPS of $0.16, which compares to the Street estimate of $0.29, and sales of $577.2 million, versus the consensus of $607.61 million.

Lowers its FY09 EPS guidance from $1.27 to $1.01, versus the consensus of $1.38.

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