• Most Popular
  • Most Shared

UPDATE 1-Trump Entertainment reports quarterly loss

Fri Nov 7, 2008 8:28am EST

* Net loss of $4.39 shr vs profit of 21 cents

Stocks

* Net revenue $198.3 mln vs $216.6 mln

NEW YORK, Nov 7 (Reuters) - Casino operator Trump Entertainment Resorts Inc TRMP.O reported a quarterly loss as the economic slowdown continued to hurt the gambling industry.

The company posted net loss of $139.1 million or $4.39 per share, compared with a profit of $6.6 million or 21 cents per share, in the same period a year ago.

Net revenue fell to $198.3 million from $216.6 million.

The company said it had $88.8 million of cash and cash equivalents as of Sept. 30. (Reporting by Mark McSherry; Editing by Steve Orlofsky)

Stocks


More from Reuters

Photo

Obama reaches climate deal with emerging powers

COPENHAGEN (Reuters) - President Barack Obama forged a climate deal with emerging economic powers on Friday, breaking a deadlock at U.N.-led talks, but said the world still had "much further to go" in the fight against global warming. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review