trending Market Intelligence /marketintelligence/en/news-insights/trending/lAB6-1bnZD--JmylZUGAmg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Empire Resorts Q3 loss narrows YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Empire Resorts Q3 loss narrows YOY

Empire Resorts Inc. said its third-quarter normalized net income amounted to a loss of 11 cents per share, compared with a loss of 75 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.4 million, compared with a loss of $8.2 million in the prior-year period.

The normalized profit margin increased to negative 18.2% from negative 42.1% in the year-earlier period.

Total revenue declined 5.0% year over year to $18.5 million from $19.5 million, and total operating expenses decreased 25.3% year over year to $23.9 million from $32.0 million.

Reported net income totaled a loss of $5.6 million, or a loss of 18 cents per share, compared to a loss of $13.2 million, or a loss of $1.21 per share, in the year-earlier period.