RENO, Nev. (AP) _ Monarch Casino & Resort Inc. (MCRI) on Wednesday reported fourth-quarter earnings of $3.8 million.
The Reno, Nevada-based company said it had profit of 22 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The casino operator posted revenue of $45.9 million in the period, also beating Street forecasts. Analysts expected $44.6 million, according to Zacks.
For the year, the company reported profit of $14.2 million, or 83 cents per share. Revenue was reported as $187.8 million.
Monarch Casino shares have increased 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.28, a drop of roughly 4 percent in the last 12 months
