Penn National Gaming (PENN) fell in pre-market trading, after the company cut its third quarter revenue forecast.
The stock was down $1.78 just before 8:40 am ET, dropping to $21.59. If pre-market losses hold, the stock will open at its lowest level since November 2004.
Thursday after the closing bell, Penn National Gaming said it now expects third quarter revenues of $617.0 million, a decrease compared to $657.5 million provided earlier. Analysts expect revenue of $652.62 million for the quarter.
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