2.40%C 7.82 8.31%UYG 5.47 10.28%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
WYOMISSING, Pa. - Casino and race track operator Penn National Gaming Inc. on Thursday lowered its guidance for the third quarter due to economic conditions and disruption from hurricanes. It also said it had higher-than-anticipated lobbying expenses.
| PENN | 20.73 |  0.72 |
The company said it expects third-quarter earnings before interest, taxes, depreciation and amortization of $146.3 million on revenue of $617 million.
Penn had previously projected EBITDA of $178.6 million on revenue of $657.5 million.
On average, analysts surveyed by Thomson Reuters forecast EBITDA of $175.8 million and revenue of $652.6 million.
The company said it will update its guidance for 2008 on Oct. 27 when it reports its third quarter results.
In after-hours trading, Penn National Gaming shares slid $2.22, or 9.5 percent, to $21.15. The stock ended regular trading down $2.18, or 8.5 percent, at $23.37.
U.S. stocks fell on Wednesday after signs of weakening employment and a contraction in service industries overcame earlier gains in the trading s...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
|
Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish
Get your next web design project done with our los angeles web design team - Best web design with great price.
Building your business and corporate credit for your small business.
Partners   
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
