PENN Entertainment (PENN) reported a Q1 adjusted loss Thursday of $0.25 per diluted share, compared with an adjusted loss of $0.79 a year earlier.

Four analysts polled by FactSet expected a loss of $0.19.

Revenue for the quarter ended March 31 was $1.67 billion, up from $1.61 billion a year earlier.

Analysts surveyed by FactSet expected $1.7 billion.

Shares were 1% lower in recent premarket activity.