Pinnacle Entertainment (PNK) Posts Q4 EPS of $0.36

Pinnacle Entertainment (NASDAQ: PNK) reported Q4 EPS of $0.36, which may note compare to the analyst estimate of $0.13. Revenue for the quarter came in at $620.8 million versus the consensus estimate of $636.9 million.

• Net revenues decreased by $16.6 million or 2.6% year over year to $620.8 million.
• Income from continuing operations was $22.2 million versus a loss of $9.0 million in the prior year. GAAP diluted net income per share was $0.36 versus a loss per share of $0.16 in the prior year.
• Consolidated Adjusted EBITDAR decreased by $1.5 million or 0.9% year over year to $168.2 million. Consolidated Adjusted EBITDAR of $169.7 million in the prior year period included a benefit of $4.6 million due to lower expense accruals from compensation program changes.
• Consolidated Adjusted EBITDAR margin increased by 50 basis points year over year to 27.1%.
• 2017 fourth quarter Consolidated Adjusted EBITDAR and margin expansion was led by strong performance of the Company's Ameristar St. Charles, River City, Ameristar Black Hawk, The Meadows, and Belterra Park businesses.
• Consolidated Adjusted EBITDA, net of Lease Payments, was $65.3 million, a decrease of $3.0 million or 4.4% year over year.

For earnings history and earnings-related data on Pinnacle Entertainment (PNK) click here.

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