WYOMISSING, Pa. (AP) — Penn National Gaming Inc. (PENN) on Thursday reported third-quarter earnings of $141.9 million.
On a per-share basis, the Wyomissing, Pennsylvania-based company said it had net income of 93 cents.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The casino operator posted revenue of $1.13 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.11 billion.
Penn National Gaming shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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