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Golden Entertainment: 4Q Earnings Snapshot

LAS VEGAS (AP) _ Golden Entertainment Inc. (GDEN) on Thursday reported a loss of $7.7 million in its fourth quarter.

The Las Vegas-based company said it had a loss of 28 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The gaming services provider posted revenue of $242.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $239.2 million.

For the year, the company reported that its loss widened to $39.5 million, or $1.43 per share. Revenue was reported as $973.4 million.

Golden Entertainment shares have dropped 59% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.89, a fall of 55% in the last 12 months.


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