PENN Entertainment’s Q1 Adjusted EPS Beats Estimates at $0.11 on $1.78B Revenue
PENN Entertainment reported a Q1 net loss of $2.3 million, or $0.02 per share, but adjusted EPS of $0.11 topped estimates of $0.05. Quarterly revenue reached $1.78 billion, exceeding forecasts of $1.75 billion.
1. Q1 Financial Results
PENN Entertainment posted a net loss of $2.3 million, or $0.02 per share, in the quarter ended March, compared with a loss of $0.25 per share in the same period a year earlier.
2. Revenue Performance
Total revenue for the quarter reached $1.78 billion, surpassing the $1.75 billion analysts had projected and reflecting strong demand across gaming and entertainment operations.
3. Adjusted Earnings vs Estimates
Adjusted earnings of $0.11 per share, excluding non-recurring costs, significantly exceeded the $0.05 consensus estimate, highlighting effective cost management and operational improvements.