NASDAQ:PENN - Nasdaq - US7075691094 - Common Stock - Currency: USD
Shareholders of PENN Entertainment would probably like to forget the past six months even happened. The stock dropped 24.5% and now trades at $14.34. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
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As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, including Wynn Resorts (NASDAQ:WYNN) and its peers.
Penn Entertainment Inc., the casino operator working to fend off pressure from activist investors, reported fourth-quarter profit that missed analysts’ estimates after losses at the online gambling unit that includes its ESPN Bet business widened.
Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.6% year on year to $1.67 billion. Its non-GAAP loss of $0.44 per share was 17.6% below analysts’ consensus estimates.