More than 3.5 million shares were traded, more than five times the average daily volume. Boyd Gaming closed at $41.82, up $2.75 or 7.04 percent. The earnings gave the company’s shares a lift on the New York Stock Exchange. "We believe many investors were expecting an earning per share miss in the quarter." "Boyd posted solid third-quarter results, beating expectations," Bear Stearns gaming analyst Joe Greff said in a note to investors. Analysts polled by Thomson Financial had expected Boyd to earn 42 cents a share in the quarter. The results reversed a loss of $12.9 million, or 15 cents a share, a year earlier. Wednesday’s release of the company’s third-quarter earnings highlighted that plan.īoyd said it earned $31.8 million, or 36 cents a share during the quarter ended Sept. Until then, Boyd will rely on four market segments for revenues, cash flow and profits: the locals market, Borgata in Atlantic City, casinos in the South and Midwest, and casinos in downtown Las Vegas. That is until the $4.8 billion Echelon development opens on the Strip by 2010. is looking to the locals casino market and the company’s Hawaiian visitor-fed downtown gambling halls to fuel its Southern Nevada earnings. For the next three years, Boyd Gaming Corp.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |