Penn National Gaming Reports Third Quarter Revenues of $1.35 Billion, Net Income of $43.7 Million, Adjusted EBITDA of $311.6 Million and Adjusted EBITDAR of $407.9 Million

Go back to Penn National Gaming Reports Third Quarter Revenues of $1.35 Billion, Net Income of $43.7 Million, Adjusted EBITDA of $311.6 Million and Adjusted EBITDAR of $407.9 Million

Penn National Gaming (PENN) Misses Q3 EPS by 4c, Revenues Miss; Offers Q4 & FY19 Revenue Views Below Consensus, Q4 Revenue Outlook Below Consensus

October 31, 2019 7:20 AM EDT

Penn National Gaming (NASDAQ: PENN) reported Q3 EPS of $0.38, $0.04 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.37 billion.

2019 Third Quarter Financial Highlights:

Revenues of $1.35 billion, an increase of $564.8 million year over year;Net income of $43.7 million and net income margin of 3.2%, as compared to $36.1 million and 4.6%, respectively, in the prior year;Adjusted EBITDA (1) of $311.6 million, an increase of $81.9 million year over year;Adjusted EBITDAR (1) of $407.9 million, an increase of $178.2 million year over year;Adjusted... More