PENN Entertainment, Inc. ( PENN ) shares are trading higher Thursday after the company reported its second-quarter financial results before the opening bell. Here's a look at the details from the report. 

The Details:

Penn Entertainment ( PENN ) reported quarterly losses of 18 cents per share which beat the analyst consensus estimate by 28%.  Quarterly sales of $1.4 billion missed the consensus estimate by 15.46% and is a 16.42% decrease in revenue from the same period last year.

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The company highlighted record quarterly gaming revenue in its Interactive segment driven by enhanced risk and trading processes and deliberate reinvestment strategies. Penn Entertainment ( PENN ) also reported retail business property level revenues of $1.4 billion for the quarter. 

“Our retail properties delivered solid results this quarter as our best-in-class team of operators continues to execute across our diverse portfolio of market leading assets. In our Interactive segment, top-of-funnel growth, improved risk and trading execution, and refined promotional strategies contributed to better-than-expected revenue and Adjusted EBITDA results," said Jay Snowden, CEO of Penn Entertainment ( PENN ). 

Is PENN A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like PENN Entertainment ( PENN )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. PENN Entertainment ( PENN ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on PENN Entertainment ( PENN ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

PENN Price Action: According to Benzinga Pro, Penn Entertainment ( PENN ) shares are up 3.22% at $17.82 at the time of publication Thursday.

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