LAS VEGAS (AP) — LAS VEGAS (AP) — Boyd Gaming Corp. (BYD) on Thursday reported first-quarter net income of $136.5 million.
The Las Vegas-based company said it had profit of $1.40 per share. Earnings, adjusted for non-recurring costs, came to $1.51 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The casino operator posted revenue of $960.5 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $947.3 million.
Boyd shares have risen slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $62.89, a fall of 5% 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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