Monarch Casino: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2023, 04:14 PM ET
Last Updated - Jul 19, 2023, 04:14 PM EDT
RENO, Nev. (AP) — RENO, Nev. (AP) — Monarch Casino & Resort Inc. (MCRI) on Wednesday reported second-quarter earnings of $22.4 million.
On a per-share basis, the Reno, Nevada-based company said it had profit of $1.14.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The casino operator posted revenue of $123.7 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $123.6 million.
