Boyd Gaming Q3 Loss Widens - Quick Facts

(RTTNews) - Boyd Gaming Corp. (BYD) reported that its third quarter 2013 net loss attributable to the company widened to $37.3 million, or $0.37 per share, from $15.8 million, or $0.18 per share for the year-ago period. Results for the prior-year period reflect the Dania Jai-Alai business as discontinued operations. Dania Jai-Alai was sold during the second quarter of 2013.

Adjusted loss was $8.3 million, or $0.08 per share, compared to a loss of $8.8 million, or $0.10 per share, for the same period in 2012.

Net revenues were $738.6 million, an increase of 20.6% from $612.4 million during the same quarter in 2012. Total Adjusted EBITDA grew 49.9% to $155.3 million, compared to $103.6 million in the year-ago quarter. Results reflect the addition of the operations of Peninsula Gaming, LLC, which was acquired by the Company on November 20, 2012.

Analysts polled by Thomson Reuters expected the company to report earnings of 0.01 per share and revenues of $757.18 million. Analysts' estimates typically exclude special items.