PENN Entertainment Swings to Third-Quarter Profit as Sales Rise
PENN Entertainment reported net income of $32.6 million, or 24 cents a share, versus a year-earlier loss of $864.6 million, or $6.03 a share. The company said activity remained strong in October.
By Rob CurranPENN Entertainment swung to a third-quarter profit on solid sales growth and the casino company said activity remained strong in October.The Wyomissing, Pa., casino chain swung to a profit of $32.6 million, or 24 cents a share, from a loss of $864.6 million, or $6.03 a share, a year ea…