Monarch Casino & Resort Q3 EPS $1.23 Down From $1.41 YoY, Sales $132.97M Down From $133.73M YoY
Portfolio Pulse from Benzinga Newsdesk
Monarch Casino & Resort (NASDAQ:MCRI) reported a decrease in Q3 earnings and sales compared to the same period last year. Earnings per share fell by 12.77% to $1.23 from $1.41, while sales dropped by 0.57% to $132.97 million from $133.73 million.
October 18, 2023 | 8:07 pm
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Monarch Casino & Resort's Q3 earnings and sales have decreased compared to last year, which could negatively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. A decrease in earnings and sales, as reported by Monarch Casino & Resort, typically leads to a negative sentiment among investors, which could result in a short-term decrease in the company's stock price.
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