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Penn National Gaming Inc Q3 Profit Drops, misses estimates

Penn National Gaming Inc (PENN) released earnings for third quarter that decreased from the same period last year.

The company's profit totaled $86.1 million, or $0.52 per share. This compares with $141.9 million, or $0.93 per share, in last year's third quarter.

Analysts had expected the company to earn $0.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 33.6% to $1.51 billion from $1.13 billion last year.

Penn National Gaming Inc earnings at a glance:

-Earnings (Q3): $86.1 Mln. vs. $141.9 Mln. last year.
-EPS (Q3): $0.52 vs. $0.93 last year.
-Analysts Estimate: $0.89
-Revenue (Q3): $1.51 Bln vs. $1.13 Bln last year.

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