PENN Entertainment's Shares Up on Narrower-Than-Expected Q3 Loss
PENNPENN(PENN) ZACKS·2024-11-09 01:16

PENN Entertainment, Inc. (PENN) reported a narrower-than-expected loss in third-quarter 2024 results. Meanwhile, the top line missed the Zacks Consensus Estimate but increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company's performance was backed by better-than-expected results in its Interactive segment. Improved hold and a higher parlay mix contributed to this growth. Also, lower promotional expenses supported the upside. However, stable con ...