PENN Entertainment (PENN) shares were up over 2% in Thursday trading after the company reported better-than-expected earnings in Q2.
The company posted quarterly adjusted earnings of $0.44 per diluted share, compared with $0.10 a year earlier.
Analysts polled by FactSet expected $0.29.
Revenue for the quarter ended June 30 was $1.86 billion, up from $1.77 billion a year earlier.
Analysts expected $1.86 billion.
Price: $20.09, Change: $+0.47, Percent Change: +2.40%