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Penn National Gaming Inc Reaffirms FY 2012 Revenue Guidance; Lowers FY 2012 Earnings Guidance; Issues FY 2013 Guidance Below Analysts' Estimates


Thursday, 15 Nov 2012 05:35pm EST 

Penn National Gaming Inc announced that for fiscal 2012, it expects net revenue of $2.938 billion, adjusted EBITDA of $741.5 million, net income of $226.9 million and EPS of $2.15. For fiscal 2013, it expects net revenue of $3.202 billion, adjusted EBITDA of $905.1 million, net income of $281.1 million and EPS of $2.62. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue EBITDA of $747 million, net income of $243 million and EPS of $2.32 for fiscal 2012; revenue of $3.378 billion, EBITDA of $925 million, net income of $306 million and EPS of $2.88 for fiscal 2013. 

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