Pinnacle Entertainment (PNK) Misses Q3 EPS by 11c, Sales Beat

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Pinnacle Entertainment Reports 2015 Third Quarter Financial Results

October 29, 2015 8:00 AM EDT

LAS VEGAS, Oct. 29, 2015 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NYSE: PNK) today reported financial results for the third quarter ended September 30, 2015.

2015 Third Quarter Highlights:

Net revenues increased by $10.3 million or 1.8% year over year to $578.6 million. Net revenues increased by 4% year over year excluding Lake Charles, which was affected by the addition of a new competitor. 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... More