Benzinga | Oct 26, 2020 04:20PM EDT

Recap: Boyd Gaming Q3 Earnings

Shares of Boyd Gaming (NYSE:BYD) increased 0.12% after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 2.56% year over year to $0.38, which beat the estimate of $0.10.

Revenue of $652,238,000 decreased by 20.42% from the same period last year, which beat the estimate of $568,130,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $36.22

52-week low: $6.44

Price action over last quarter: Up 38.74%

Company Description

Boyd Gaming Corp is a regional casino company focused primarily on serving middle income customers. The company operates 16 casinos in Las Vegas, Atlantic City, Illinois, Indiana, Mississippi and Louisiana. Its Las Vegas casinos, which focus primarily on serving Las Vegas residents due to their off-Strip locations, account for approximately 35% of total revenue. Its more upscale 50% owned Borgata casino in Atlantic City generates approximately 30% of consolidated revenue, while casinos in the Midwest and South represent over 30% of revenue.