Century Casinos Q2 Revenue Misses, Poland Drags; Loss Widens
CNTY is trading near its 52-week low of $1.14 (4.4% above the low).
Summary
Q2 revenue of $152M missed the $153.86M consensus, with a $0.39 per-share loss. Poland underperformance, partly from low table hold in June, offset 5% adjusted EBITDAR growth driven by the Nugget Casino Resort. This follows a Q1 net loss and covenant issues in Poland disclosed in May. The company sees signs of improvement in Poland, but near-term pressure persists. The stock trades near its 52-week low of $1.14.
At the time of this announcement, CNTY was trading at $1.19 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $33.5M. The 52-week trading range was $1.14 to $2.85. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.