BUZZ-PENN shares fall after wider-than-expected Q4 loss, revenue miss
ReutersFeb 27, 2025 1:00 PM
Casino operator PENN Entertainment's shares PENN.O fall 1.8% to $20.05 premarket
PENN misses fourth-quarter revenue and loss estimates as continues to struggle with losses in its interactive segment, which includes its online casino and sports betting operations
Posts Q4 adj. loss of 44 cents per share, compared with analysts' estimates of a loss of 38 cents - LSEG compiled data
Q4 revenue $1.67 bln vs LSEG estimate $1.68 bln
Co has been targeted by investment firms, such as HG Vora Capital and Donerail Group, calling for structural changes in the board over allegations of mismanagement
In 2024, stock had fallen 23.8%
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