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Great Canadian Gaming profit misses consensus by 36.9% in Q1

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Great Canadian Gaming profit misses consensus by 36.9% in Q1

4988624 said its normalized net income for the first quarter came to 17 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS decreased 15.6% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$11.3 million, a decrease of 22.2% from C$14.5 million in the year-earlier period.

The normalized profit margin declined to 8.8% from 13.3% in the year-earlier period.

Total revenue increased 20.1% year over year to C$130.9 million from C$109.0 million, and total operating expenses rose 29.2% on an annual basis to C$103.2 million from C$79.9 million.

eported net income decreased 35.8% year over year to C$10.5 million, or 16 cents per share, from C$16.3 million, or 23 cents per share.Great Canadian Gaming Corp.

4988624 said its normalized net income for the first quarter came to 17 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.