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Tropicana Entertainment Q2 profit climbs YOY

Tropicana Entertainment Inc. said its second-quarter normalized net income was 39 cents per share, a gain from 17 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 $10.3 million, an increase from $4.5 million in the prior-year period.

The normalized profit margin increased to 5.1% from 2.3% in the year-earlier period.

Total revenue increased year over year to $203.0 million from $197.5 million, and total operating expenses fell on an annual basis to $183.7 million from $187.3 million.

Reported net income increased 94.0% from the prior-year period to $9.6 million, or 36 cents per share, from $4.9 million, or 19 cents per share.