Great Canadian Gaming Corp. (GC.TO) Thursday reported a decline in profit for the second quarter, due mainly to higher expenses.
The Richmond, Canada-based company's second-quarter net profit was C$2.7 million or C$0.03 per share, compared to C$10.3 million or C$0.12 per share last year. On average, six analysts polled by Thomson Reuters expected the company to earn C$0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 2 percent to C$101.3 million from C$99.5 million in the prior-year quarter. Four analysts had a consensus revenue estimate of C$103.89 million for the quarter.
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