12:02 PM EDT, 05/02/2024 (MT Newswires) -- Penn Entertainment ( PENN ) fell more than 8% after swinging to a Q1 adjusted loss Thursday of $0.79 per diluted share, from earnings of $0.39 per share a year earlier.

Four of five analysts polled by Capital IQ expected a loss of $0.52 per share.

Revenue for the quarter ended March 31 was $1.61 billion, down from $1.67 billion a year earlier. Analysts surveyed by Capital IQ expected $1.63 billion.

Price: 15.01, Change: -1.43, Percent Change: -8.70