Boyd Gaming Corporation BYD reported solid fourth-quarter 2019 results, with earnings and revenues beating the Zacks Consensus Estimate. Moreover, the top and the bottom line increased on a year-over-year basis. Notably, shares of the company increased nearly 2% on Feb 20, following the results.
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In the quarter under review, adjusted earnings came in at 50 cents per share. The figure beat the Zacks Consensus Estimate of 47 cents. The bottom line surged 56.3% year over year on strong revenues and higher margins.
Total revenues of $833.1 million in the reported quarter beat the consensus mark of $825 million. Moreover, the top line moved up 5.2% year over year on the back of strong segmental performance.
Total adjusted EBITDAR during the reported quarter totaled $227.6 million, up 9.1% year over year.
Boyd Gaming Corporation Price, Consensus and EPS Surprise
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