Full House Resorts Q1 2024 GAAP EPS $(0.33) Misses $(0.20) Estimate, Sales $69.924M Miss $76.651M Estimate
Portfolio Pulse from Benzinga Newsdesk
Full House Resorts (NASDAQ:FLL) reported Q1 2024 earnings with a GAAP EPS of $(0.33), missing the $(0.20) estimate, and sales of $69.924M, below the $76.651M estimate. Despite the miss, sales increased 39.55% from the same period last year.

May 08, 2024 | 9:03 pm
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NEGATIVE IMPACT
Full House Resorts reported a larger than expected quarterly loss and sales miss for Q1 2024, but showed significant sales growth year-over-year.
The earnings miss and sales miss compared to analyst estimates are likely to negatively impact investor sentiment in the short term, despite the year-over-year sales growth. Typically, missing earnings and revenue forecasts can lead to a decrease in stock price as it may signal underlying issues or a less optimistic future outlook than previously thought. However, the significant increase in sales year-over-year indicates some positive aspects of the business that could mitigate the negative impact over time.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100