Penn National Gaming (PENN -8.2%) shares swoon after CEO Peter Carlino says in a conference call...

|About: Penn National Gaming, Inc. (PENN)|By:, SA News Editor

Penn National Gaming (PENN -8.2%) shares swoon after CEO Peter Carlino says in a conference call that FY12 estimates are too high and should come in closer to flat. The company says it is optimistic about growth in FY13. Reported Q3 EPS was $0.60, better than the $0.55 consensus; revenues were $710.9M vs. expected $711.1M.