Boyd Gaming Posts 3Q Adjusted EPS of $1.67
BYD is trading near its 52-week low of $65 (11% above the low).
Summary
Boyd Gaming reported third-quarter adjusted earnings of $1.71 per share on revenue of $990.5 million. This is the first quarterly update since Q2 net income fell 13% year-over-year to $131.2 million on higher depreciation and project costs, with Online segment profitability halved. The stock trades near $72, well below the roughly $89.76 level where CFO Josh Hirsberg sold $1.15 million of shares in late July. The quarter's revenue and segment results will determine whether it reverses the Q2 profit decline.
At the time of this announcement, BYD was trading at $72.27 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $65.00 to $91.41. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.