Penn National Gaming Slips 13% As Q3 Profit Misses Street View

Shares of casino company Penn National Gaming, Inc. (PENN) are trading down 13 percent on Thursday as the company posted lower profit in the third quarter, which came in below analysts estimates.

The company's profit totaled $86.1 million or $0.52 per share in the three-month period, lower than $141.9 million or $0.93 per share last year, while analysts were looking for the company to earn $0.89 per share.

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

Currently at $63.52, the stock has traded between $58.62 and $142.0 during the past 52 weeks.

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