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.
宾夕法尼亚娱乐公司（纳斯达克股票代码：PENN）在周四市场开盘前公布了第三季度财务业绩。以下是你需要知道的。
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.
须知：根据Benzinga Pro的数据，宾夕法尼亚大学报告调整后每股亏损25美分，未达到每股亏损24美分的预期。该季度的收入为16.4亿美元，略低于预期的16.6亿美元，但较去年同期的16.2亿美元增长了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，宾夕法尼亚大学的总流动性为18亿美元，其中包括8.34亿美元的现金。该公司表示，它一直在投资实体和数字升级，特别是通过其ESPN Bet平台，该平台于9月在纽约推出后，本季度已扩展到美国19个州。
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.
宾夕法尼亚大学还表示，正在加快查尔斯湖L'Auberge赌场的酒店客房装修，升级预计将于2025年1月结束。首席执行官杰伊·斯诺登表示，这些举措是宾夕法尼亚大学提高客户保留率和每位客户收入的更广泛战略的一部分。
"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.
“我们零售业务中稳定的消费者需求被东北板块的不利表现以及与恶劣天气中断和酒店改造加速相关的南部分销量下降所抵消。在密歇根州、俄亥俄州和圣路易斯等多个市场的带动下，第四季度开局良好。” 斯诺登说。
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：宾夕法尼亚大学仍然专注于扩大其互动产品，并计划于2025年初在宾夕法尼亚州推出iCasino应用程序，尚待监管部门批准。该公司表示，其开发项目正在按计划进行，好莱坞乔利埃特预计将在2025年下半年提前开业。
PENN Price Action: Penn Entertainment shares were up 4.04% at $20.02 at the time of writing, according to Benzinga Pro.
宾夕法尼亚价格走势：根据Benzinga Pro的数据，在撰写本文时，宾夕法尼亚娱乐公司的股价上涨了4.04％，至20.02美元。
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