PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Bally’s Corporation (BALY) on Wednesday reported a loss of $247.9 million in its third quarter.
The Providence, Rhode Island-based company said it had a loss of $5.10 per share. Losses, adjusted for one-time gains and costs, came to $1.99 per share.
The hotel casino operator posted revenue of $630 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $650.6 million.
Bally’s shares have climbed 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.62, more than doubling in the last 12 months.
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