Penn National Gaming Inc Q3 Income Advances, Beats estimates

(RTTNews) - Penn National Gaming Inc (PENN) announced a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $123.5 million, or $0.72 per share. This compares with $86.1 million, or $0.52 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.9% to $1.63 billion from $1.51 billion last year.

Penn National Gaming Inc earnings at a glance (GAAP) :

-Earnings (Q3): $123.5 Mln. vs. $86.1 Mln. last year. -EPS (Q3): $0.72 vs. $0.52 last year. -Analyst Estimate: $0.38 -Revenue (Q3): $1.63 Bln vs. $1.51 Bln last year.