PENN Entertainment (NASDAQ: PENN) reported worse-than-expected fourth-quarter results on Thursday.
Penn reported fourth-quarter revenue of $1.4 billion, which missed a Street consensus estimate of $1.53 billion, according to data from Benzinga Pro. The company reported a loss of $1.75 per share, which missed a Street consensus estimate of a loss of 52 cents per share.
“Penn delivered another quarter of solid property level performance while continuing to invest in our high growth digital …