PENN Entertainment, Inc. (PENN) on Thursday reported third-quarter profit of $123.5 million.
On a per-share basis, the Wyomissing, Pennsylvania-based company said it had net income of 72 cents.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The casino operator posted revenue of $1.63 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.58 billion.
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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 PENN at https://www.zacks.com/ap/PENN
