LAS VEGAS (AP) — LAS VEGAS (AP) — Boyd Gaming Corp. (BYD) on Thursday reported first-quarter profit of $111.4 million.
The Las Vegas-based company said it had profit of $1.31 per share. Earnings, adjusted for one-time gains and costs, came to $1.62 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The casino operator posted revenue of $991.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $970.2 million.
Boyd shares have fallen almost 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $66.06, a rise of nearly 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BYD at https://www.zacks.com/ap/BYD
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