PENN Entertainment Stock Climbs Despite Q3 Earnings Miss: What's Going On?
PENN Entertainment Stock Climbs Despite Q3 Earnings Miss: What's Going On?
PENN also said its accelerating hotel room renovations at L'Auberge Casino Lake Charles, with the upgrades expected to wrap up by January 2025. According to CEOPENN Entertainment Inc. (NASDAQ:PENN) reported third-quarter financial results before the market opened on Thursday. Here's what you need to know.
佩恩國民博彩公司（納斯達克股票代碼：PENN）在週四市場開盤前公佈了第三季度業績。以下是您需要了解的內容。
What To Know: PENN reported an adjusted loss of 25 cents per share, missing estimates for a loss of 24 cents per share, according to Benzinga Pro. Revenue for the quarter came in at $1.64 billion, slightly below expectations of $1.66 billion, but up 1.24% from $1.62 billion in the same period last year.
需要了解的內容：佩恩報告每股調整虧損25美分，低於每股虧損24美分的預期，根據Benzinga Pro。本季度營收達到16.4億美元，略低於預期的16.6億美元，但比去年同期的16.2億美元增長了1.24%。
As of Sept. 30, PENN had total liquidity of $1.8 billion, including $834 million in cash. The company said it has been investing in both physical and digital upgrades, especially through its ESPN BET platform, which expanded to 19 U.S. states this quarter after launching in New York in September.
截至9月30日，佩恩的總流動資金爲18億美元，其中現金83400萬美元。公司表示一直在投資於實體和數字升級，特別是通過其ESPN BEt平台，該平台在9月份在紐約啓動後，本季度在19個美國州擴展。
PENN also said its accelerating hotel room renovations at L'Auberge Casino Lake Charles, with the upgrades expected to wrap up by January 2025. According to CEO Jay Snowden, these moves are part of PENN's broader strategy to improve customer retention and revenue per customer.
佩恩還表示，正在加速L'Auberge Casino Lake Charles酒店客房的翻新工程，預計將於2025年1月完成升級。根據CEO傑伊·斯諾登的說法，這些舉措是佩恩旨在提高客戶保留率和每位客戶收入的更廣泛策略的一部分。
"Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis," Snowden said.
「我們零售業務中穩定的消費者需求被東北部門不利的持有和南部門與嚴重天氣干擾相關的成交量下降所抵消。第四季度取得了更強勁的開局，其中包括密歇根、俄亥俄和聖路易斯在內的幾個市場均表現搶眼，」斯諾登說。
Outlook: PENN remains focused on expanding its Interactive offerings, with plans to launch an iCasino app in Pennsylvania in early 2025, pending regulatory approval. The company said its development projects are on schedule, with Hollywood Joliet expected to open ahead of plan in the latter half of 2025.
展望未來：佩恩繼續致力於擴大其互動業務，計劃於2025年初在賓夕法尼亞州推出一款iCasino應用程序，待獲得監管批准。公司表示其發展項目進展順利，預計好萊塢喬利埃特將提前於2025年下半年計劃開業。
PENN Price Action: Penn Entertainment shares were up 4.04% at $20.02 at the time of writing, according to Benzinga Pro.
佩恩股價表現：根據Benzinga Pro的數據，在撰寫本文時，佩恩國民博彩股價上漲了4.04%，報20.02美元。
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譯文內容由第三人軟體翻譯。
