LAS VEGAS (AP) _ Golden Entertainment Inc. (GDEN) on Thursday reported second-quarter net income of $103 million, after reporting a loss in the same period a year earlier.
The Las Vegas-based company said it had profit of $3.26 per share. Earnings, adjusted for non-recurring gains, were $2.73 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The gaming services provider posted revenue of $292.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $247.7 million.
Golden Entertainment shares have more than doubled since the beginning of the year. The stock has more than quadrupled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDEN at https://www.zacks.com/ap/GDEN
