Golden Entertainment Q1 2024 GAAP EPS $1.37 Beats $0.26 Estimate, Sales $174.047M Beat $167.763M Estimate
Portfolio Pulse from Benzinga Newsdesk
Golden Entertainment (NASDAQ:GDEN) reported Q1 2024 earnings of $1.37 per share, surpassing the $0.26 estimate by 426.92%, and a 260.53% increase from last year. Sales reached $174.047M, beating the $167.763M estimate but marking a 37.40% decrease from the previous year.

May 08, 2024 | 11:26 pm
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Golden Entertainment reported a significant beat on Q1 2024 earnings and sales estimates, with EPS at $1.37 and sales of $174.047M.
The substantial beat on both earnings per share and sales estimates, despite a year-over-year decrease in sales, indicates strong operational performance and efficiency improvements. This is likely to positively influence investor sentiment and stock price in the short term, as the earnings beat by a wide margin suggests the company is performing well above expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100