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.
