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LAS VEGAS (AP) — Golden Entertainment Inc. (GDEN) on Thursday reported a loss of $78.6 million in its second quarter.
The Las Vegas-based company said it had a loss of $2.80 per share. Losses, adjusted for asset impairment costs, came to $2.20 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.90 per share.
The gaming services provider posted revenue of $76 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $53.2 million.
Golden Entertainment shares have dropped 45% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.49, a decrease of 21% in the last 12 months.
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