- Pinnacle Entertainment (NASDAQ:PNK) reports adjusted EBITDAR of $168.2M to miss the consensus estimate of $171M consensus. Adjusted EBITDAR was up 2% in the Midwest segment to $105.5M and fell 5% in the South segment to $184.1M.
- Consolidated adjusted EBITDAR was 27.1% of sales vs. 26.6% a year ago.
- Shares of Pinnacle are up 0.72% premarket to $30.16. For comparison purposes, the deal price from the Penn National Gaming merger is $20 + 0.42 shares of Penn National (currently worth $10.99).
- Previously: Pinnacle Entertainment beats by $0.23, misses on revenue (Feb. 23)