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Golden Entertainment Q2 profit climbs YOY

Golden Entertainment Inc. said its second-quarter normalized net income came to 11 cents per share, a gain from 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.4 million, an increase from $170,000 in the prior-year period.

The normalized profit margin rose to 2.3% from 1.1% in the year-earlier period.

Total revenue climbed year over year to $102.6 million from $15.3 million, and total operating expenses rose on an annual basis to $97.1 million from $14.9 million.

Reported net income came to $2.7 million, or 12 cents per share, compared to a loss of $133,920, or a loss of 1 cents per share, in the year-earlier period.