Reuters: Regulatory News: Boyd Gaming results miss Street, revenue falls at most properties

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Boyd Gaming results miss Street, revenue falls at most properties Jul 24th 2012, 14:24 Tue Jul 24, 2012 10:24am EDT July 24 (Reuters) - Casino operator Boyd Gaming Corp reported quarterly results that fell short of Wall Street's expectations as revenue fell at most of its properties, sending its shares down as much as 13 percent. Second-quarter net income was $1.0 million, or 1 cent per share, compared with a net loss of $3.0 million, or 3 cents per share, a year earlier. "During the second half of the quarter, business trends began to weaken, and that clearly contributed to softness in our results," Chief Executive Keith Smith said in a statement. On an adjusted basis, the company earned 4 cents per share, well below the average analyst forecast of 10 cents per share, according to Thomson Reuters I/B/E/S. Revenue rose 7.1 percent to $615.2 million, also missing analyst expectations of $624 million. Shares of Las Vegas-based Boyd were down 13 percent at $5.78 on Tuesday morning on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions