Penn National Gaming Q4 Revenues Increases

(RTTNews) - Penn National Gaming Inc. (PENN) Thursday announced an increase in fourth quarter net revenues to $733.96 million from $651.36 million in the prior year.

On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.26 per share. Analysts estimates usually exclude special items.

Revenue for the full year also increased to $2.838 billion from $2.590 billion a year ago. Wall Street expect $739.30 million.

The company said it expects continues adjusted EBITDA growth in 2016 and beyond. For the quarter ending March 31, the company expects adjusted EBITDA of $203.1 million on revenue of $756.9 million. For the full year 2016, the company sees adjusted EBITDA of $841.2 million on revenue of $3.053 billion. Analysts are looking for full year earnings of $0.89 per share on revenue of $3.04 billion.