Penn National Gaming Updates 2016 Guidance; Establishes Q3 Guidance

(RTTNews) - Penn National Gaming, Inc. (PENN) announced, for 2016, the company now expects: net revenue of $3.03 billion compared to prior outlook of $3.05 billion. The company now expects earnings per share of $1.08 compared to previous outlook of $0.87. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.91 on revenue of $3.05 billion. Analysts' estimates typically exclude special items.

For the third-quarter, the company expects: net revenues of $767.3 million; and earnings per share of $0.29. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.23 on revenue of $770.58 million.