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Monarch Casino tops 1Q revenue forecasts

RENO, Nev. (AP) _ Monarch Casino & Resort Inc. (MCRI) on Tuesday reported first-quarter net income of $4.9 million.

The Reno, Nevada-based company said it had profit of 27 cents per share.

The casino operator posted revenue of $53.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $51.3 million.

Monarch Casino shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.25, a climb of 54 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


Keywords: Monarch Casino, Earnings Report