PENN Entertainment Q3 Adj EPS $1.21 Vs $1.40 Last Year, Sales $1.62B Beat $1.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
PENN Entertainment reported Q3 adjusted earnings of $1.21 per share, down from $1.40 last year. However, the company's quarterly sales of $1.62 billion beat the analyst consensus estimate of $1.61 billion by 0.56 percent, despite being a 0.37 percent decrease from the same period last year.
November 02, 2023 | 11:10 am
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PENN Entertainment's Q3 earnings per share decreased compared to last year, but sales beat estimates. This mixed result could lead to uncertain market reactions.
PENN Entertainment's Q3 earnings per share have decreased compared to last year, which could negatively impact the stock. However, the company's sales have exceeded estimates, which is a positive signal and could offset the potential negative impact of the lower earnings per share. Therefore, the overall impact on the stock is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100