PENN Entertainment Q2 2024 Adj EPS $(0.18) Beats $(0.25) Estimate, Sales $1.40B Miss $1.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
PENN Entertainment reported Q2 2024 adjusted EPS of $(0.18), beating the estimate of $(0.25), but sales of $1.40 billion missed the $1.66 billion estimate. Sales decreased by 16.42% compared to the same period last year.
August 08, 2024 | 11:02 am
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PENN Entertainment's Q2 2024 adjusted EPS of $(0.18) beat the estimate of $(0.25), but sales of $1.40 billion missed the $1.66 billion estimate and decreased by 16.42% YoY.
While PENN Entertainment's EPS beat expectations, the significant miss on sales and the year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100