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Update: PENN Entertainment Shares Rise After Q1 Results Beat

-- (Updates with the latest stock move in the headline and in the first paragraph.)

PENN Entertainment (PENN) shares were up over 15% in Thursday trading after the company reported better-than-expected Q1 performance.

Earlier, the firm posted an adjusted earnings of $0.11 per diluted share, swinging from an adjusted loss of $0.25 a year ago.

Analysts polled by FactSet expected a loss of $0.04.

Revenue for the quarter ended March 31 was $1.78 billion, up from $1.67 billion a year earlier.

Analysts surveyed by FactSet expected $1.75 billion.

Price: $17.12, Change: $+2.35, Percent Change: +15.88%

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