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Monarch Casino posts 4Q profit

RENO, Nev. (AP) _ Monarch Casino & Resort Inc. (MCRI) on Wednesday reported fourth-quarter earnings of $6.5 million.

On a per-share basis, the Reno, Nevada-based company said it had net income of 36 cents.

The casino operator posted revenue of $55.6 million in the period.

For the year, the company reported profit of $24.6 million, or $1.39 per share. Revenue was reported as $217 million.

Monarch Casino shares have dropped 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.97, a climb of 25 percent 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 MCRI at https://www.zacks.com/ap/MCRI


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