PENN Entertainment Q4 Adjusted Loss Narrows, Revenue Increases

MT Newswires Live

02-27

PENN Entertainment (PENN) reported a Q4 adjusted loss of Thursday of $0.44 per diluted share, narrowing from a loss of $1.75 a year earlier.

Four analysts polled by FactSet expected a loss of $0.30.

Revenue for the quarter ended Dec. 31 was $1.67 billion, up from $1.40 billion year earlier.

Analysts surveyed by FactSet expected $1.67 billion.

The company also said it plans to buyback at least $350 million of shares in 2025.

Shares of the casino and betting company were down almost 1% in recent premarket activity.

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