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PENN Entertainment Swings to Q3 Adjusted Loss, Revenue Increases
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PENN Entertainment Swings to Q3 Adjusted Loss, Revenue Increases
Nov 9, 2024 12:13 PM

09:35 AM EST, 11/07/2024 (MT Newswires) -- PENN Entertainment ( PENN ) reported a Q3 adjusted loss Thursday of $0.25 per share, compared with earnings of $1.21 per share a year earlier.

Three analysts polled by Capital IQ expected a per-share loss of $0.22.

Revenue for the quarter ended Sept. 30 was $1.64 billion, up from $1.62 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.66 billion.

PENN shares were 3% higher in early trading.

Price: 19.56, Change: +0.33, Percent Change: +1.72

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