Pinnacle Entertainment (PNK) Tops Q2 EPS by 1c, Revenues Miss

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Pinnacle Entertainment Reports 2018 Second Quarter Financial Results

August 2, 2018 8:01 AM EDT

LAS VEGAS, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ: PNK) ("Pinnacle" or the "Company") today reported financial results for the second quarter ended June 30, 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 Second Quarter Highlights:

Net revenues decreased by $6.0 million or 0.9% year over year to $647.6 million. The adoption of ASC 606 resulted in a reduction of 2018 second... More