Boyd Gaming Corp. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Boyd Gaming Corp. (BYD) revealed a profit for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $139.85 million, or $1.47 per share. This compares with $192.45 million, or $1.89 per share, in last year's second quarter.

Excluding items, Boyd Gaming Corp. reported adjusted earnings of $150.0 million or $1.58 per share for the period.

Analysts on average had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5% to $967.51 million from $916.95 million last year.

Boyd Gaming Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $139.85 Mln. vs. $192.45 Mln. last year. -EPS (Q2): $1.47 vs. $1.89 last year. -Revenue (Q2): $967.51 Mln vs. $916.95 Mln last year.