Monarch Casino & Resort Inc. (MCRI) reported second-quarter net income of $2.8 million or $0.16 per share, compared to $6.9 million or $0.36 per share in the same quarter last year.
On average, seven analysts polled by First Call/Thomson Financial expected the company to earn $0.19 per share for the second quarter.
Gross revenues for the quarter decreased to $41.9 million from $48.1million in the prior year quarter. Analysts expected the company to report revenue of $37.99 million for the quarter.
For comments and feedback: editorial@rttnews.com