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Why Eldorado Resorts Inc's Shares Popped 11% Today

TheMotleyFool

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Why Eldorado Resorts Inc's Shares Popped 11% Today

Shares of regional gaming company Eldorado Resorts Inc (NASDAQ: ERI) jumped as much as 10.8% in trading Friday after reporting third-quarter earnings that topped expectations. At 3:20 p.m. EDT, shares had given back some of their gains, but were still up 9.1% on the day.

Total revenues were down 1%, accounting for the Isle of Capri acquisition, to $444.9 million, and net income more than tripled, to $29.6 million, or $0.38 per share. Adjusted for one-time costs, earnings were $0.32 per share, beating estimates by $0.04.

Image source: Getty Images.

Source: Fool.com