Boyd Gaming Corporation reported its results for the fourth quarter. Boyd Gaming owns and operates casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana, and Indiana.
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Boyd Gaming Earnings Cheat Sheet for the Fourth Quarter
Results: Loss narrowed to $491,000 (loss of one cent per diluted share) from $7.1 million (loss of 8 cents per share) in the same quarter a year earlier.
Revenue: Rose 9.9% to $606.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The mean estimate for Boyd Gaming Corporation was a loss of one cent per share. Analysts were expecting revenue of $597.2 million.
Key Stats:
Last quarter’s year-over-year revenue increase follows two quarters of revenue declines. Revenue fell 0.9% in the third quarter and fell 0.7% in the second quarter.
The company reported a net loss last quarter after booking a profit the quarter before that. In the second quarter, the company booked a profit of $3 million, or 3 cents per share.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved down from 10 cents a share to 9 cents over the last ninety days. For the fiscal year, the average estimate has moved up from 2 cents a share to 3 cents over the last sixty days.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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