Full House Rsts Up 24.81% To $4.88 After Earnings Beat

Full House Rsts (FLL) said after close Wednesday that it earned $0.13 per share in quarter three 2023.

On the revenue line, the company reported $71.5 million, beating estimates by $7.7 million.

In the same quarter a year ago, the company lost $0.1 per share on revenue of $41.4 million.

The stock is up 24.81% to $4.88 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Full House Rsts a Bullish Sentiment Rank from InvestorsObserver.

Full House Rsts has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 13, putting Full House Rsts in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $3.4 on October 26, 2023 and set a 52-week high on February 17, 2023 at $10.13.

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.