FX.co ★ Penn National Gaming Inc Q1 Earnings Summary

The earnings highlights for Penn National Gaming Inc (PENN) are as follows:

In comparison to the previous year, the first quarter earnings displayed a significant drop, with losses amounting to $114.7 million. This is quite a steep decline from the $514.5 million during the same period in the previous year. Earnings per share (EPS) also plunged in the first quarter, standing at -$0.76 in comparison to the $3.05 EPS last year.

However, after taking into account certain one-time items, the adjusted earnings reported by Penn National Gaming Inc for the period was -$0.79 per share. This is lower than the analysts' projection, which estimated losses of -$0.59 per share.

In terms of revenue, the first quarter reported $1.61 billion, which is slightly lower compared to the $1.67 billion collected during the same period last year.