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AP National Business

Monarch Casino: Q4 Earnings Snapshot

KION
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Published 1:26 PM

RENO, Nev. (AP) — RENO, Nev. (AP) — Monarch Casino & Resort Inc. (MCRI) on Tuesday reported fourth-quarter earnings of $22.4 million.

On a per-share basis, the Reno, Nevada-based company said it had profit of $1.14.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The casino operator posted revenue of $120.5 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $121.8 million.

For the year, the company reported profit of $87.5 million, or $4.47 per share. Revenue was reported as $477.9 million.

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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 MCRI at https://www.zacks.com/ap/MCRI

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