Pinnacle Entertainment, Inc. (PNK) Tops Q1 EPS by 3c
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Pinnacle Entertainment Reports 2014 First Quarter Financial Results
April 30, 2014 6:30 AM EDTLAS VEGAS, April 30, 2014 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NYSE: PNK) today reported financial results for the first quarter ended March 31, 2014.
2014 First Quarter Highlights:
Net revenues increased by $266.2 million or 100% year over year to $532.8 million, and Consolidated Adjusted EBITDA increased by $88.4 million or 136.4% year over year to $153.2 million. Consolidated Adjusted EBITDA margin expanded by 445 basis points to 28.8%. Comparing the Company's current continuing operations in the 2014 first quarter to the prior year period on a combined basis including the acquired Ameristar properties, net revenues decreased by $28.9 million or 5.2%, Consolidated Adjusted... More