Pinnacle Entertainment Inc. (PNK) reported a third-quarter net loss of $21.9 million or $0.37 per share compared to a net loss of $11.8 million or $0.20 per share last year.
Loss from continuing operations widened to $21.680 million from $8.283 million last year. Loss per share from continuing
operations was $0.36 compared to a loss of $0.14 a year ago.
Adjusted net loss was $1.299 million compared to profit of $6 thousand a year ago. Adjusted loss per share was $0.02 compared to breakeven per share a year ago.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $265.377 million from $262.854 million last year. Analysts expected revenue of $266.99 million for the quarter.
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