Business News: Pinnacle Profit Falls, Sees Softness In Gaming Sector

Started by MikeLigalig.com, February 18, 2013, 01:25:37 PM

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MikeLigalig.com

February 18, 2013, 01:25:37 PM
Pinnacle Profit Falls, Sees Softness In Gaming Sector

The house doesn't always win. Las Vegas-based Pinnacle Entertainment (PNK) said before the market opened Wednesday that fourth-quarter profit fell compared with the same quarter a year ago, but beat analyst estimates. Revenue, on the other hand, rose vs. the same quarter last year, but fell short of forecasts. Pinnacle shares fell hard early and were down 5.5% in Wednesday afternoon trading on the stock market today. Pinnacle is the smaller

Source: Pinnacle Profit Falls, Sees Softness In Gaming Sector
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