Eldorado Resorts: 3Q Earnings Snapshot
RENO, Nev. (AP) _ Eldorado Resorts Inc. (ERI) on Thursday reported third-quarter profit of $37.7 million.
On a per-share basis, the Reno, Nevada-based company said it had profit of 48 cents. Earnings, adjusted for asset impairment costs, were 52 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
Eldorado Resorts: 2Q Earnings Snapshot
RENO, Nev. (AP) _ Eldorado Resorts Inc. (ERI) on Thursday reported second-quarter net income of $36.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Reno, Nevada-based company said it had profit of 47 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
Eldorado Resorts and Navistar climb; WPP sinks
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Eldorado Resorts Inc., up $5.80 to $41.50
The casino and hotel company agreed to buy seven properties from Tropicana Entertainment for $1.85 billion.
Shire PLC, up 22 cents to $152.41
The drugmaker said it will sell its cancer treatment business to France's Servier for $2.4 billion.
Bank of America Corp., up 13 cents to $29.93
The bank posted a larger profit, helped by corporate tax cuts and rising interest rates.
ATLANTIC CITY, N.J. (AP) — Carl Icahn's company struck an approximately $1.85 billion deal Monday that would fuse the gambling and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc.
The agreement includes the sale of Tropicana Entertainment Inc.'s real estate to Gaming and Leisure Properties Inc. It doesn't include Tropicana's Aruba assets, which will be disposed of as a condition to closing.
Profits keep falling at Mountaineer Casino amid competition
NEW CUMBERLAND, W.Va. (AP) — Profits at Mountaineer Casino, Racetrack & Resort have plummeted to less than half their 2014 levels.
Reno, Nevada-based Eldorado Resorts Inc., which owns the New Cumberland casino, announced their quarterly earnings Thursday. The company says Mountaineer's adjusted earnings from July 1 through Sept. 30 were $4 million. Adjusted earnings for the same quarter in 2015 were $6.4 million last year and $9.1 million in 2014.