Why Century Casinos Stock Dropped 20.5% on Tuesday

Shares of Century Casinos (NASDAQ: CNTY) fell as much as 20.5% in trading on Tuesday after the company reported earnings. The casino stock closed trading down 9.2% on the day. 

Net revenue for the fourth quarter of 2021 rose 27% from a year ago to $107.3 million, but earnings from operations fell 12% to $16.4 million. Earnings per share of $0.13 were down from $0.22 a year ago and fell below the $0.18 that analysts were expecting.

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Source Fool.com