BUZZ-Casino operator PENN jumps after swinging back to profit
Reuters02-26
BUZZ-Casino operator PENN jumps after swinging back to profit
** Shares of PENN Entertainment PENN.O rise 6.5% to $13 premarket
** PENN reports Q4 adjusted profit of 7 cents per share after a 44-cents per share adjusted loss a year earlier
** In Q3 co reported an adjusted loss of 22 cents/share
** Attributes earnings to strong performance across its diversified retail portfolio
** Posts Q4 revenue of $1.8 billion, above analysts' average estimate of $1.76 billion - data compiled by LSEG
** As of last close, stock down 15% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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