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Eldorado Resorts posts 4Q profit

March 10, 2016 · 7:07pm ET | 4:07pm PT

RENO, Nev. (AP) – Eldorado Resorts Inc. (ERI) on Thursday reported fourth-quarter net income of $110.2 million, after reporting a loss in the same period a year earlier.

The Reno, Nevada-based company said it had profit of $2.33 per share.

The casino and resort operator posted revenue of $203.8 million in the period.

For the year, the company reported net income of $114.2 million, or $2.43 per share, swinging to a profit in the period. Revenue was reported as $784.5 million.

Eldorado Resorts shares have increased slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.03, a rise of 99 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERI at http://www.zacks.com/ap/ERI

Associated Press

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