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Non-Tech : Penn National Gaming, Inc. (PENN)

PENN 15.10

+3.1%

Dec 26 9:30 AM EST

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From: JakeStraw	7/27/2006 8:08:23 AM
	of 51

Penn National profit rises, raises year view marketwatch.com PrintDisable live quotesRSSDigg itDel.icio.usBy Angela Moore Last Update: 7:23 AM ET Jul 27, 2006 NEW YORK (MarketWatch) -- Casino operator Penn National Gaming Inc. (PENN : Penn National Gaming Inc. on Thursday said second-quarter net income rose to $42.7 million, or 49 cents a share, from $12.1 million, or 14 cents a share. Excluding items related to early debt extinguishment, stock compensation and settlement charges, it earned 53 cents a share. Net revenue rose to $537.8 million from $296.2 million. Analysts, on average, expected it to earn 49 cents a share on revenue of $555.2 million, according to Thomson First Call. For the third quarter, it forecast profit of 49 cents a share on revenue of $578.2 million. For the year it raised its forecast and now expects to earn $1.84 a share on revenue of $2.22 billion. Analysts polled by Thomson First Call expect it to earn $2.01 for the year on revenue of $2.27 billion, on average.

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