Ameristar Casinos Inc. (ASCA) Friday said first-quarter profit dropped to $17.98 million or $0.51 per share from $41.37 million or $1.21 per share in the same period last year.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $295.08 million, down from $312.13 million last year. Analysts expected revenues of $301.32 million.
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