Pinnacle Entertainment (PNK) Misses Q4 EPS by 6c

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Go back to Pinnacle Entertainment (PNK) Misses Q4 EPS by 6c

Pinnacle Entertainment Reports 2016 Fourth Quarter and Full Year Financial Results

February 22, 2017 8:00 AM EST

LAS VEGAS, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ: PNK) ("Pinnacle" or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2016.

2016 Fourth Quarter Highlights:

Net revenues were $637.4 million, an increase of $79.0 million or 14.1% year over year.  The increase was driven by a $68.3 million contribution from The Meadows Racetrack and Casino ("The Meadows") and growth of $10.7 million or 1.9% in the Company's same-store portfolio of businesses.Loss from continuing operations decreased by... More