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Penn National Gaming (PENN) Extends Decline, Down 19%
November 4, 2021 12:43 PM EDTPenn National Gaming (NASDAQ: PENN) Extends Decline, Down 19%
Penn National Gaming (PENN) Q3 Revenues Roughly In-Line
November 4, 2021 7:04 AM EDTPenn National Gaming (NASDAQ: PENN) reported Q3 EPS of $0.52, which may not compare to the analyst estimate of $0.88. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.51 billion.
Adjusted EBITDA of $364.3 million, an increase of $20.7 million year over year and $52.7 million versus 2019;Adjusted EBITDAR of $480.3 million, an increase of $27.7 million year over year and $72.4 million versus 2019; andAdjusted EBITDAR margins of 31.8%, as compared to 40.1% in the prior year and 30.1% in 2019.Jay Snowden, President and Chief Executive Officer, commented: We achieved many significant milestones in the... More
