Eldorado Resorts: 3Q Earnings Snapshot
RENO, Nev. (AP) _ Eldorado Resorts Inc. (ERI) on Wednesday reported third-quarter net income of $37.1 million.
The Reno, Nevada-based company said it had profit of 47 cents per share. Earnings, adjusted for non-recurring costs, were 48 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The casino and resort operator posted revenue of $663.2 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $681.5 million.
Eldorado Resorts shares have increased 30% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.91, an increase of 26% in the last 12 months.