PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Bally's Corporation (BALY) on Wednesday reported a loss of $263.5 million in its fourth quarter.
On a per-share basis, the Providence, Rhode Island-based company said it had a loss of $5.11. Losses, adjusted for non-recurring costs and asset impairment costs, came to 86 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
The hotel casino operator posted revenue of $611.7 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $626.6 million.
For the year, the company reported that its loss narrowed to $172.6 million, or $3.24 per share. Revenue was reported as $2.45 billion.
Bally's expects full-year revenue in the range of $2.5 billion to $2.7 billion.
Bally's shares have decreased 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.30, a decline of 48% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BALY at https://www.zacks.com/ap/BALY