Monarch Casino: Q2 Earnings Snapshot

July 20, 2022 GMT

RENO, Nev. (AP) _ Monarch Casino & Resort Inc. (MCRI) on Wednesday reported second-quarter net income of $19.4 million.

On a per-share basis, the Reno, Nevada-based company said it had net income of 99 cents. Earnings, adjusted for non-recurring costs, came to $1.11 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The casino operator posted revenue of $115.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $116.2 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCRI at https://www.zacks.com/ap/MCRI