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Penn National Gaming to Launch myheroes Program in Honor of Active-Duty Military, Veterans and First Responders – Consumer Electronics Net
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After A Steep Fall, Is Penn National Gaming Stock A Reasonable Pick?
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Penn National Gaming (PENN) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Penn National Gaming (NASDAQ: PENN)
Q1 2021 Earnings Call
Joe Jaffoni
Investor Relations Contact Officer
Thank you, Tina, and good morning, everyone, and thank you again for joining Penn National Gaming s 2021 first-quarter conference call. We ll get to management s presentation and comments momentarily, as well as your questions and answers, but first, I ll review the safe harbor disclosure. In addition to historical facts or statements of current conditions, today s conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These statements can be identified by the use of forward-looking terminologies such as expects, believes, estimates, projects, intends, plans, seeks, may, will, should or anticipa
Penn National Drops Despite Beating Estimates
Penn National was able to top analyst estimates, but revenue compared to pre-pandemic levels was down 6%.
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Shares of Penn National Gaming Inc. (
PENN) - Get Report dropped Thursday despite the company reporting first-quarter results ahead of analyst estimates.
The casino and gaming company reported first quarter earnings of 55 cents per share on revenue of $1.28 billion. Analysts were expecting earnings of 26 cents per share on revenue of $1.14 billion. Penn National kicked off the year with record results in Q1 2021 from our land-based business and the launch of our online Barstool Sportsbook in Michigan and Illinois, CEO Jay Snowden said.
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