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Boyd: 4Q Earnings Snapshot

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LAS VEGAS (AP) _ Boyd Gaming Corp. (BYD) on Tuesday reported fourth-quarter earnings of $83.3 million.

On a per-share basis, the Las Vegas-based company said it had net income of 73 cents. Earnings, adjusted for one-time gains and costs, were 46 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The casino operator posted revenue of $635.9 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $614.7 million.

For the year, the company reported a loss of $134.7 million, or $1.19 per share, swinging to a loss in the period. Revenue was reported as $2.18 billion.

Boyd shares have increased 27% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.61, an increase of 63% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BYD at https://www.zacks.com/ap/BYD