Century Casinos (CNTY) Misses Q4 EPS by 72c, Revenues Beat

Century Casinos (NASDAQ: CNTY) reported Q4 EPS of ($0.68), $0.72 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $67.2 million versus the consensus estimate of $60.36 million.

Fourth Quarter 2019 Highlights*

• Net operating revenue was $67.2 million, an increase of 49% from the three months ended December 31, 2018.
• Loss from operations was ($14.7) million, a decrease of 846% from the three months ended December 31, 2018.
• Net loss attributable to Century Casinos, Inc. shareholders was ($20.1) million, a decrease of 4080% from the three months ended December 31, 2018.
• Adjusted EBITDA** was $9.8 million, an increase of 69% from the three months ended December 31, 2018.
• Loss per share was ($0.68).

"We are pleased with the fourth quarter results and the immediate impact the addition of the three casinos acquired from Eldorado Resorts had on our operating results," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. "The acquired casinos have had very encouraging initial results, and we are excited to continue integrating the operations into the Century brand and to see anticipated meaningful growth from this acquisition on Century Casinos in the future," Messrs. Haitzmann and Hoetzinger concluded.

For earnings history and earnings-related data on Century Casinos (CNTY) click here.

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