Telsey Upgrades Pinnacle Entertainment (PNK) to Outperform
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Pinnacle Entertainment Reports Record 2016 First Quarter Financial Results
May 10, 2016 8:00 AM EDTLAS VEGAS, May 10, 2016 (GLOBE NEWSWIRE) --
Pinnacle Entertainment, Inc. (NASDAQ: PNK) today reported financial results for the first quarter ended March 31, 2016.
2016 First Quarter Highlights:
Net revenues increased by $7.2 million or 1.3% year over year to $580.0 million.Consolidated Adjusted EBITDA increased by $2.7 million or 1.6% year over year to $172.4 million, an all-time record quarterly performance. Consolidated Adjusted EBITDA margin was 29.7%.Consolidated Adjusted EBITDA was negatively impacted by $2.9 million from estimated lost business volume in Lake Charles due to... More
