Penn Natl Gaming beats by $0.09, beats on revs
- Reports Q1 (Mar) earnings of $0.48 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $0.39; revenues rose 5.1% year/year to $816.1 mln vs the $805.7 mln Capital IQ Consensus.
- Pinnacle Acquisition Update
- Based on progress to date, remain confident of closing the transaction in the second half of this year. Confident $100 million of cost synergy objectives are well within reach.
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