Full House Rsts Down 17.67% To $5.08 After Earnings Miss

Full House Rsts (FLL) said after close Tuesday that it lost $0.16 per share in quarter two 2023.

On the revenue line, the company reported $59.4 million, missing estimates by $4.5 million.

In the same quarter a year ago, the company lost $0.13 per share on revenue of $44.4 million.

The stock is down 17.67% to $5.08 after the report.

Full House Rsts's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Full House Rsts has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 17, putting Full House Rsts in the bottom 25% of stocks. The firm set a 52-week high on February 17, 2023 at $10.13 and set a 52-week low on October 13, 2022 at $5.12.

Full House Resorts Inc, through its subsidiaries, owns, operates, develops, manages, and invests in casinos and related hospitality and entertainment facilities. It offers facility related to gaming, hotel, dining, entertainment, retail and other amenities. The group's operating segments include the Silver Slipper Casino and Hotel; the Bronco Billy's Casino and Hotel; Stockman's Casino; the Rising Star Casino Resort; and the Northern Nevada segment. There are some under construction projects too. Geographically, the casino operations of the company are managed in the United States. It derives revenues primarily from the gaming sources, which include revenues from slot machines, table games, keno, and sports betting.