PROVIDENCE, R.I. (AP) - PROVIDENCE, R.I. (AP) - Bally’s Corporation (BALY) on Wednesday reported a loss of $60.2 million in its second quarter.
Bally’s: Q2 Earnings Snapshot
PROVIDENCE, R.I. (AP) - PROVIDENCE, R.I. (AP) - Bally’s Corporation (BALY) on Wednesday reported a loss of $60.2 million in its second quarter.
The Providence, Rhode Island-based company said it had a loss of $1.24 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 83 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.47 per share.
The hotel casino operator posted revenue of $621.7 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $643 million.