Golden Entertainment Q4 2023 Adj EPS $0.230 Misses $0.250 Estimate, Sales $230.691M Miss $234.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Golden Entertainment (NASDAQ:GDEN) reported Q4 2023 adjusted EPS of $0.230, missing the $0.250 estimate, and sales of $230.691M, missing the $234.033M estimate. This represents a 17.52% decrease in sales compared to the same period last year.

February 29, 2024 | 9:25 pm
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Golden Entertainment reported lower than expected Q4 2023 earnings and sales, with a significant decrease in sales compared to last year.
Missing both EPS and sales estimates, especially with a significant year-over-year decrease in sales, typically leads to negative investor sentiment in the short term. This could result in downward pressure on GDEN's stock price as the market reacts to the earnings miss and concerns over declining sales.
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