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Continued improved results. Stock up 10% today.
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Congradulations to all the real investors who have waded through the thread spam and outright fallacious innuendo of these shorts. It looks like we should have a serious rally over the next couple of days. God save anyone short on DJT if more positive news comes out. It looks like happy times are here again!! :)
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NEW YORK, Jan 20 (Reuters) - Trump Hotels & Casino Resorts Inc. said Wednesday its fourth quarter earnings beat analyst expectations and the company expects to meet or exceed 1999 operating profit targets.
Trump Hotels said in a statement its fourth quarter net loss before one-time charges was $15.2 million, or $0.69 per share, which beat Wall Street consensus estimates of a loss of $0.82 per share.
After one-time charges, the fourth quarter net loss was $16.4 million, or $0.74 per share, compared to a net loss of $28.0 million, or $1.24 per share in the 1997 quarter.
Trump Hotels also said it is making a reduction in its interest expense a "main priority" in 1999.
"Reducing that expense itself will have a direct and very positive effect on the botton line," said Nicholas Ribis, president and chief executive officer.
Trump Hotels posted fourth quarter sales of $345.7 million, compared with $313.5 million a year ago.
Trump Hotels owns and operates Trump Plaza Hotel & Casino, Trump Taj Mahal Casino Resort and Trump Marina Hotel Casino in Atlantic City, New Jersey, as well as Trump Indiana, the riverboat casino at Buffington Harbor, Indiana, on Lake Michigan |
