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Full House Resorts Q3 profit climbs 45.8% YOY

Full House Resorts Inc. said its third-quarter normalized net income amounted to 5 cents per share, a gain of 45.1% from 3 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 $895,000, an increase of 45.8% from $613,750 in the prior-year period.

The normalized profit margin rose to 2.6% from 1.9% in the year-earlier period.

Total revenue increased year over year to $34.3 million from $32.9 million, and total operating expenses rose from the prior-year period to $31.0 million from $30.3 million.

Reported net income totaled $2.0 million, or 11 cents per share, compared to a loss of $766,000, or a loss of 4 cents per share, in the prior-year period.