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Full House Resorts Q1 loss narrows YOY

Full House Resorts Inc. said its first-quarter normalized net income was a loss of 5 cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

The per-share loss decreased 5.1% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $954,380, compared with a loss of $1.0 million in the year-earlier period.

The normalized profit margin climbed to negative 3.3% from negative 3.3% in the year-earlier period.

Total revenue declined year over year to $29.1 million from $30.4 million, and total operating expenses fell on an annual basis to $29.1 million from $30.5 million.

Reported net income came to a loss of $1.8 million, or a loss of 9 cents per share, compared to a loss of $1.1 million, or a loss of 6 cents per share, in the prior-year period.