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Boyd Gaming Corporation (NYSE: BYD) beat third-quarter revenue expectations on a sharply narrower net loss, but its adjusted profits missed Street views.
The Las Vegas-based casino company gained nearly 8 percent in the extended session.
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The company said that excluding the results of its Borgata Atlantic City joint venture, it expects $50 million to $600 million in 2014 adjusted earnings before interest, taxes, depreciation and amortization, compared with the $610.4 million in total EBITDA it posted for 2013.
Boyd exited the Atlantic City venture last month.
Boyd's recent third-quarter net loss narrowed to $15.1 million, or $0.14 cents a share, from a net loss of $37.3 million, or $0.37 a share, for the year-earlier period.
Adjusted earnings were break-even per share, while revenue was nearly flat at $738.8 million, compared with $738.6 million last year.
Wall Street expected adjusted profit of $0.02 cents a share, on revenue of $734.8 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.