Penn National Gaming (PENN) Misses Q4 EPS by $1.17, Revenues Miss; Provides FY20 Fiscal Outlook
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Penn National Gaming Reports Fourth Quarter Revenues of $1.34 Billion, Net Loss of $92.9 Million, Adjusted EBITDA of $304.0 Million, and Adjusted EBITDAR of $399.4 Million
February 6, 2020 7:00 AM EST- Traditional Debt Reduced by Approximately $70 Million in the Fourth Quarter -
- Company Initiates 2020 Full Year Adjusted EBITDAR Guidance Range of $1.67 Billion to $1.70 Billion -
WYOMISSING, Pa.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) today reported financial results for the three months and year ended December 31, 2019 and initiated 2020 full year guidance.
2019 Fourth Quarter Financial Highlights:
Revenues of $1.34 billion, an increase of $185.9 million year over... More