Petrosearch Energy Corporation (TSG) Tops Q1 EPS by 9c, Beats on Revenues

Petrosearch Energy Corporation (NASDAQ: TSG) reported Q1 EPS of $0.66, $0.09 better than the analyst estimate of $0.57. Revenue for the quarter came in at $392.89 million versus the consensus estimate of $356.66 million.

"The Stars Group's strong first quarter results continued our organic growth trajectory," stated Rafi Ashkenazi, The Stars Group's Chief Executive Officer. "We are pleased with the performance of each of our verticals, poker, casino and sportsbook, which are benefiting not only from the continued success of Stars Rewards, but also from our strategy of focusing on the customer and continued improvements to our product offerings."

"Moving forward, the exceptional foundation of our existing business will be complemented by our acquisitions of CrownBet and William Hill Australia, and expected completion of the Sky Betting & Gaming acquisition. These acquisitions will help diversify our revenue base, increase our exposure to regulated markets, and transform our combined sportsbook into a second customer acquisition channel. These new additions will accelerate not only the organic growth we are seeing in our existing business, but also our progress towards realizing our vision of becoming the world's favorite iGaming destination."

For earnings history and earnings-related data on Petrosearch Energy Corporation (TSG) click here.

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