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Boyd: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

LAS VEGAS (AP) _ Boyd Gaming Corp. (BYD) on Tuesday reported a first-quarter loss of $18.3 million, after reporting a profit in the same period a year earlier.

The Las Vegas-based company said it had a loss of 16 cents per share. Losses, adjusted for non-recurring costs, were 2 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The casino operator posted revenue of $680.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $774.2 million.

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Boyd shares have declined 44% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.78, a fall of 45% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BYD at https://www.zacks.com/ap/BYD