LAS VEGAS (AP) — LAS VEGAS (AP) — Boyd Gaming Corp. (BYD) on Thursday reported fourth-quarter profit of $140.4 million.
The Las Vegas-based company said it had net income of $1.79 per share. Earnings, adjusted for one-time gains and costs, were $2.21 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The casino operator posted revenue of $1.06 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1 billion.
For the year, the company reported profit of $1.84 billion, or $22.56 per share. Revenue was reported as $4.09 billion.
Boyd shares have declined nearly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $83.64, a rise of slightly more than 9% 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
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