Pinnacle Entertainment Reports 2015 Third Quarter Financial Results
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Pinnacle Entertainment (PNK) Misses Q3 EPS by 11c, Sales Beat
October 29, 2015 8:02 AM EDTPinnacle Entertainment (NYSE: PNK) reported Q3 EPS of $0.36, $0.11 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $578.6 million versus the consensus estimate of $577.74 million.
Consolidated Adjusted EBITDA increased by $8.3 million or 5.9% year over year to $149.8 million. Consolidated Adjusted EBITDA margin increased by 100 basis points to 25.9%. The 2015 third quarter included $0.9 million of cost related to the final Lake Charles team member retention program payments and repair costs related to flooding in Bossier City, versus $6.1 million in the prior year period related to severance, Colorado referendum expense, and Lake Charles team member... More
