LAS VEGAS (AP) — LAS VEGAS (AP) — Boyd Gaming Corp. (BYD) on Thursday reported first-quarter earnings of $105.5 million.
On a per-share basis, the Las Vegas-based company said it had net income of $1.37. Earnings, adjusted for one-time gains and costs, were $1.60 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The casino operator posted revenue of $997.4 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $993.2 million.
Boyd shares have risen almost 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $89.38, a climb of 35% in the last 12 months.
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