Friday, Pinnacle Entertainment Inc. (PNK) said its fourth-quarter net loss narrowed to $242.02 million or $4.03 per share from $297.69 million or $4.97 per share in the prior year period.
Adjusted net loss for the quarter also narrowed to $23.43 million or $0.39 per share from $99.08 million or $1.66 per share in the year-ago period. On average, 13 analysts polled by Thomson Reuters expected the company to report loss of $0.10 per share for the quarter.
Revenues for the quarter declined 5.4% to $245 million from $259 million in the prior year period. Nine analysts estimated revenues of $254.41 million for the quarter.
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