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Penn National Gaming Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance


Tuesday, 23 Jul 2013 07:00am EDT 

Penn National Gaming Inc announced that for the third quarter of 2013, it expects net revenue to be $714.1 million, adjusted EBITDA to be $189.7 million and diluted earnings per common share (EPS) to be $0.43. The Company revised fiscal 2013 guidance and expects net revenue to be $$2.983 billion (prior guidance $3.138 billion), adjusted EBITDA to be $805.1 million (prior guidance $875.8 million) and EPS of $1.37 (prior guidance $2.56). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $779.7 million, EBITDA of $215.9 million and EPS of $0.63 for the third quarter of 2013; revenue of $3.102 billion, EBITDA of $854.5 million and EPS of $2.52 for fiscal 2013. 

Company Quote

13.13
0.04 +0.31%
19 Dec 2014