WYOMISSING, Pa. (AP) _ Penn National Gaming Inc. (PENN) on Thursday reported first-quarter profit of $11 million.
The Wyomissing, Pennsylvania-based company said it had profit of 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The casino operator posted revenue of $664.1 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $668.5 million.
For the current quarter ending in June, Penn National Gaming said it expects revenue in the range of $672.7 million.
The company expects full-year earnings to be 46 cents per share, with revenue expected to be $2.74 billion.
Penn National Gaming shares have risen 20 percent since the beginning of the year. The stock has risen 23 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 PENN at http://www.zacks.com/ap/PENN
