LAS VEGAS (AP) _ Pinnacle Entertainment Inc. (PNK) on Thursday reported first-quarter earnings of $27.3 million.
On a per-share basis, the Las Vegas-based company said it had profit of 44 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The casino operator posted revenue of $572.8 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $556.1 million.
Pinnacle Entertainment shares have increased 62 percent since the beginning of the year. The stock has climbed 52 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 PNK at http://www.zacks.com/ap/PNK
