Boyd: Q1 Earnings Snapshot
LAS VEGAS (AP) _ Boyd Gaming Corp. (BYD) on Tuesday reported first-quarter net income of $102.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had net income of 90 cents. Earnings, adjusted for non-recurring costs, were 93 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The casino operator posted revenue of $753.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $666.4 million.
Boyd shares have increased 61% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $68.98, more than quadrupling in the last 12 months.