Penn National Gaming Inc Q3 Income Advances 1596%

(RTTNews) - Penn National Gaming Inc (PENN) announced a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line climbed to $789.34 million, or $8.43 per share. This was up from $46.54 million, or $0.51 per share, in last year's third quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.3% to $806.25 million. This was up from $765.60 million last year.

Penn National Gaming Inc earnings at a glance:

-Earnings (Q3): $789.34 Mln. vs. $46.54 Mln. last year. -Earnings Growth (Y-o-Y): 1596.0% -EPS (Q3): $8.43 vs. $0.51 last year. -EPS Growth (Y-o-Y): 1552.9% -Analysts Estimate: $0.21 -Revenue (Q3): $806.25 Mln vs. $765.60 Mln last year. -Revenue Change (Y-o-Y): 5.3%

-Guidance: Next quarter EPS guidance: $0.17 Next quarter revenue guidance: $756.6 Mln Full year EPS guidance: $8.91 Full year revenue guidance: $3135.6 Mln