PENN Entertainment (PENN) Reports Wider Q4 Loss, Stock Down
PENN(PENN) Zacks Investment Research·2024-02-16 16:41PENN Entertainment, Inc. (PENN) reported a wider-than-expected loss in the fourth-quarter 2023 results. Both the bottom and top lines saw a year-over-year decrease. This decline was primarily attributed to the sale of Barstool and losses incurred during the relaunch of an online betting venture ESPN BET, both of which significantly impacted the quarterly financial performance.Following the results, the company’s shares lost 13.8% during trading hours on Feb 15.Earnings & Revenue DiscussionIn the quarter und ...