FONT-SIZE Plus   Neg

Monarch Casino & Resort Q1 Profit Modestly Rises - Quick Facts

Monarch Casino & Resort, Inc. (MCRI) reported first-quarter net income of $1.6 million or $0.10 per share, up from $1.5 million or $0.09 in the same period last year.

Net revenues for the latest quarter rose 3.9 percent to $34.6 million from $33.3 million in the year-ago quarter.

The company also noted that it has entered into a definitive stock purchase agreement through its subsidiary, Monarch Growth Inc., to acquire Riviera Black Hawk, Inc., the owner of the Riviera Black Hawk Casino located in Black Hawk, Colorado.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing... Campbell Soup Co. (CPB) reported first-quarter adjusted earnings per share of $0.95, an increase of 22 percent from $0.78, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special...
comments powered by Disqus
Follow RTT