PENN Entertainment: Fourth Quarter Earnings Overview

PENN Entertainment Reports Fourth Quarter Financial Results

PENN Entertainment, headquartered in Wyomissing, Pennsylvania, announced on Thursday that it recorded a net loss of $73 million for the fourth quarter.

The company reported a per-share loss of 55 cents. After adjusting for non-recurring items, earnings stood at 7 cents per share.

These figures exceeded analysts’ predictions. According to Zacks Investment Research, six analysts had anticipated a loss of 23 cents per share on average.

PENN Entertainment’s revenue for the quarter reached $1.81 billion, outperforming the $1.75 billion forecasted by analysts surveyed by Zacks.

For the full year, the company reported a total loss of $843.1 million, or $5.83 per share, with annual revenue amounting to $6.96 billion.

Financial data for this report was provided by Zacks Investment Research and compiled by Automated Insights.