By james art RENO, Nev. (AP) — RENO, Nev. (AP) — Monarch Casino & Resort Inc . (MCRI) reported third-quarter earnings of $27.6 million on Wednesday.
Monarch owns Monarch Casino Resort Spa ) in Black Hawk, Colorado, and Atlantis Casino Resort Spa in Reno.
On a per-share basis, the Reno, Nevada-based company said it had net income of $1.47.
The results beat Wall Street expectations. The average estimate of three analysts polled by Zacks Investment Research is for earnings of $1.37 per share.
The casino operator reported revenue of $137.9 million in the period, which also beat Street estimates. Three analysts polled by Zacks had expected $134.5 million.
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This story was generated by Automated Insights (using data from Zacks Investment Research. Access the Zacks Report on MCRI Stocks at https://www.zacks.com/ap/MCRI
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