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Golden Entertainment: Q2 Earnings Snapshot

Associated Press Finance
·1-min read

LAS VEGAS (AP) — LAS VEGAS (AP) — Golden Entertainment Inc. (GDEN) on Thursday reported second-quarter net income of $623,000.

On a per-share basis, the Las Vegas-based company said it had profit of 2 cents. Earnings, adjusted to extinguish debt and for non-recurring costs, came to 16 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The gaming services provider posted revenue of $167.3 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $176.3 million.

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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 GDEN at https://www.zacks.com/ap/GDEN