BUZZ-PENN shares fall after wider-than-expected Q4 loss, revenue miss

Reuters

02-27

BUZZ-PENN shares fall after wider-than-expected Q4 loss, revenue miss

** Casino operator PENN Entertainment's shares PENN.O fall 1.8% to $20.05 premarket

** PENN misses fourth-quarter revenue and loss estimates as continues to struggle with losses in its interactive segment, which includes its online casino and sports betting operations

** Posts Q4 adj. loss of 44 cents per share, compared with analysts' estimates of a loss of 38 cents - LSEG compiled data

** Q4 revenue $1.67 bln vs LSEG estimate $1.68 bln

** ** Co has been targeted by investment firms, such as HG Vora Capital and Donerail Group, calling for structural changes in the board over allegations of mismanagement

** In 2024, stock had fallen 23.8%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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