Penn National Gaming Inc Profit Declines In Q1, misses estimates

Penn National Gaming Inc (PENN) revealed earnings for first quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $51.7 million, or $0.29 per share. This compares with $91.0 million, or $0.55 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.8% to $1.564 billion from $1.274 billion last year.

Penn National Gaming Inc earnings at a glance (GAAP) :

-Earnings (Q1): $51.7 Mln. vs. $91.0 Mln. last year.
-EPS (Q1): $0.29 vs. $0.55 last year.
-Analyst Estimates: $0.43
-Revenue (Q1): $1.564 Bln vs. $1.274 Bln last year.

Full year revenue guidance: $6.15Bln to $6.55Bln

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