Twin River Announces First Quarter 2020 Results
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Twin River Worldwide Holdings, Inc (TRWH) Misses Q1 EPS by 31c, Revenues Miss
May 13, 2020 7:02 AM EDTTwin River Worldwide Holdings, Inc (NYSE: TRWH) reported Q1 EPS of ($0.07), $0.31 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $109.15 million versus the consensus estimate of $128.1 million.
First Quarter 2020 and Recent Highlights
Full quarter results impacted by mandated shut-down of property operations in mid-March Signs of moderation and recovery at Twin River Lincoln continued prior to its mandated shut-downSuccessful efforts to improve liquidity and reduce costs enabled the Company to focus on long-termContinued execution on diversification strategy with recently announced acquisitionsClosed $275 million of new debt... More