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Penn National Gaming misses EBITDA consensus

Published 02/08/2018, 07:32 AM
© Reuters.  Penn National Gaming misses EBITDA consensus
PENN
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  • Penn National Gaming (NASDAQ:PENN) reports Q4 adjusted EBITDA of $183.3M to miss the consensus mark of $205M.
  • The company says a higher cash-settled stock award during the period impacted the EBITDA tally.
  • Penn recorded $52M in income from operations during the quarter.
  • Update on Pinnacle acquisition: "We expect the transaction to be immediately accretive to free cash flow per share, and that it will increase our annual revenue and adjusted EBITDA by over 60%, following the planned divestitures of four casinos to Boyd Gaming Corporation and the realization of approximately $100 million in synergies."
  • Previously: Penn National EPS of -$3.40 (Feb. 8)
  • PENN -1.26% premarket to $29.08.
  • Now read: Steve Wynn Steps Down As CEO - Equity Impacts


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