80°F
weather icon Clear
Las Vegas, NV
Business

Earnings less than predicted from Full House Resorts

By Chris SierotyLAS VEGAS REVIEW-JOURNAL
March 10, 2012 - 2:02 am
 

Full House Resorts Inc. on Thursday fell short of analyst expectations when it reported fourth-quarter earnings of $500,000, or 3 cents a share, compared with $2 million, or 11 cents a share, for the same period last year.

The Las Vegas-based casino management firm attributed the decline in earnings to the expiration of a management contract with Harrington Raceway Inc. in Delaware. The contract generated $1.5 million in the fourth quarter of 2010.

Analysts surveyed by Yahoo Finance expected fourth-quarter earnings of 6 cents a share.

For 2011, Full House reported net income of $478,529, or 13 cents a share, compared with $1.95 million, or 43 cents a share in 2010. Analysts had expected earnings of 37 cents a share in 2011.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.

MOST READ
In case you missed it
Don't miss the big stories. Like us on Facebook.
THE LATEST
According to a recent AARP report, 52 percent of adults ages 50 to 64 have credit card debt. (G ...
How can retirees reduce their credit card debt?
By Jim Miller Savvy Senior

According to a recent report, 52 percent of adults ages 50 to 64 have credit card debt. Nearly half of older people carrying a credit card balance owe $5,000 or more.

MORE STORIES