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

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.

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