Penn National Gaming Reports Record Second Quarter Income from Operations and Exceeds Guidance for Adjusted EBITDA

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Go back to Penn National Gaming Reports Record Second Quarter Income from Operations and Exceeds Guidance for Adjusted EBITDA

Penn National Gaming (PENN) PT Lowered to $39 at Susquehanna

July 27, 2018 8:48 AM EDT

Susquehanna lowered its price target on Penn National Gaming (NASDAQ: PENN) to $39.00 (from $41.00) while maintaining a Positive rating.

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Penn National Gaming (PENN) Tops Q2 EPS by 7c, Revenues Miss

July 26, 2018 7:14 AM EDT

Penn National Gaming (NASDAQ: PENN) reported Q2 EPS of $0.57, $0.07 better than the analyst estimate of $0.50. Revenue for the quarter came in at $826.9 million versus the consensus estimate of $840.62 million.

Timothy J. Wilmott, Chief Executive Officer, commented: Penn National delivered another strong quarter in which we exceeded our guidance for income from operations and adjusted EBITDA. Our solid second quarter results are largely attributable to same store revenue growth at nearly two-thirds of our gaming operations and the continued success of our ongoing margin enhancement initiatives. As a result, all three of the Companys operating... More