Boyd Gaming Corp. (BYD) Tops Q3 EPS by 7c, Sales Miss

October 31, 2013 7:16 AM EDT
Boyd Gaming Corp. (NYSE: BYD) reported Q3 EPS of $0.08, $0.07 better than the analyst estimate of $0.01. Revenue for the quarter came in at $738.6 million versus the consensus estimate of $758.1 million.

"Our third-quarter performance fell below our expectations, as solid results in July and August were offset by significant weakness in September in many of our markets. However, October year-over-year results have shown improvement in most of our operations," said Keith Smith, President and Chief Executive Officer of Boyd Gaming. "Despite a challenging operating environment, we continued to make encouraging progress in many areas of our business. Our Las Vegas Locals business grew EBITDA for the third consecutive quarter. In New Jersey, Borgata generated strong results, and we are now finalizing preparations for real-money online gaming in that state. And we further strengthened our balance sheet, bringing our Company's total debt reduction to more than $500 million so far this year."

For earnings history and earnings-related data on Boyd Gaming Corp. (BYD) click here.


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