Eldorado Resorts Reports 2Q Net Income
Eldorado Resorts is reporting second-quarter net income today of $18.9 million at 24 cents per share.
The Reno-based company’s results missed Wall Street expectations.
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. The casino and resort operator posted revenue of $637.1 million in the period, which also missed forecasts.
Five analysts surveyed by Zacks expected $657 million. Eldorado Resorts shares have risen 15 percent since the beginning of the year. The stock has decreased nearly 5 percent in the last 12 months.