Earnings less than predicted from Full House Resorts
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.
