WYOMISSING, Pa. (AP) — WYOMISSING, Pa. (AP) — PENN Entertainment, Inc. (PENN) on Thursday reported a loss of $17.4 million in its second quarter.
On a per-share basis, the Wyomissing, Pennsylvania-based company said it had a loss of 12 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The casino operator posted revenue of $1.77 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.73 billion.
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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 PENN at https://www.zacks.com/ap/PENN
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