Pinnacle Entertainment (PNK) Tops Q1 EPS by 6c

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Pinnacle Entertainment Reports 2018 First Quarter Financial Results

May 9, 2018 8:00 AM EDT

LAS VEGAS, May 09, 2018 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ: PNK) ("Pinnacle" or the "Company") today reported financial results for the first quarter ended March 31, 2018. The results reflect the Companys adoption of the new revenue recognition standard ("ASC 606"), effective January 1, 2018. The Company adopted ASC 606 using the modified retrospective method, therefore, prior period amounts have not been adjusted.

2018 First Quarter Highlights:

Net revenues decreased by $11.6 million or 1.8% year over year to $628.4 million.Net income increased by $4.6 million to $21.8... More