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Penn National Gaming Inc Bottom Line Falls In Q3

Penn National Gaming Inc (PENN) announced earnings for third quarter that dropped from last year.

The company's earnings came in at $36.13 million, or $0.38 per share. This compares with $789.34 million, or $8.43 per share, in last year's third quarter.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.1% to $789.65 million from $806.25 million last year.

Penn National Gaming Inc earnings at a glance:

-Earnings (Q3): $36.13 Mln. vs. $789.34 Mln. last year.
-EPS (Q3): $0.38 vs. $8.43 last year.
-Analysts Estimate: $0.45
-Revenue (Q3): $789.65 Mln vs. $806.25 Mln last year.

Next quarter revenue guidance: $1149.1 Mln
Full year revenue guidance: $3581.8 Mln

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