** Shares of PENN Entertainment PENN.O rise 6.5% to $13 premarket

** PENN reports Q4 adjusted profit of 7 cents per share after a 44-cents per share adjusted loss a year earlier

** In Q3 co reported an adjusted loss of 22 cents/share

** Attributes earnings to strong performance across its diversified retail portfolio

** Posts Q4 revenue of $1.8 billion, above analysts' average estimate of $1.76 billion - data compiled by LSEG

** As of last close, stock down 15% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))