ADVFN - Advanced Financial Network.
HOME» NYSE » B » BYD Stock Price » BYD Stock News

Boyd Gaming Share News

 Boyd Gaming Corp. Stock Price
BYD Stock Price
 Boyd Gaming Corp. Stock Chart
BYD Stock Chart
 Boyd Gaming Corp. Stock News
BYD Stock News
 Boyd Gaming Corp. Company Information
BYD Company Information
 Boyd Gaming Corp. Stock Trades
BYD Stock Trades

EARNINGS PREVIEW: Large US Casinos Likely Did Well in 4th Q

By Nathan Becker Of DOW JONES NEWSWIRES TAKING THE PULSE: Wall Street expects big U.S.-based casino operators to report improved quarterly results when they close the books on 2010 as consumer spending has continued to climb, leading to sharply higher revenue. Acquisitions and soaring gambling demand in Asia also are expected to help bolster the companies' results, and continued cost cuts also may help improve bottom lines. COMPANIES TO WATCH: Penn National Gaming Inc. (PENN) - reports Feb. 3 Wall Street's Expectations: Analysts polled by Thomson Reuters most recently forecast earnings of 27 cents a share on $630 million in revenue. A year earlier, the company posted a loss of $4.54 a share, with charges totaling $478.8 million, and revenue of $555.8 million. Key Issues: Penn, which operates U.S. horse-racing facilities and casinos mostly in the Midwest, South and on the East Coast, has performed relatively well of late despite the cutback in consumer spending. It has worked to cut costs, and revenue has improved recently. Las Vegas Sands Corp. (LVS) - reports Feb. 3 Wall Street's Expectations: Wall Street has Las Vegas Sands pegged for 39 cents of earnings and $2.07 billion in revenue. A year earlier, the company lost 17 cents a share--or three cents of adjusted profit--on $1.38 billion in revenue. Key Issues: Moody's in November upgraded Las Vegas Sands, citing "very strong" initial operating results from its Marina Bay Sands resort in Singapore that opened in August. The agency also said it expected results to continue to benefit from its significant presence in the Asian gaming market, which should see growing traffic. The company's results have gotten better lately, and it posted record revenue in the third quarter. MGM Resorts International (MGM) - reports Feb. 14 Wall Street's Expectations: Analysts expect MGM to lose 22 cents a share on $1.49 billion in revenue. A year earlier, the company posted a loss of 98 cents and revenue of $1.45 billion. Key Issues: MGM has posted losses lately, hurt by hefty write-downs related to its struggling Las Vegas City Center complex, which it owns in a joint venture with Dubai World. The joint venture announced plans earlier this month to issue $1.1 billion of notes to help reduce the balance outstanding under the $8.7 billion project's credit facility. City Center isn't MGM's only problem, though--company also has seen revenue decline recently at most of its casinos. Wynn Resorts Ltd. (WYNN) - reporting date TBA Wall Street's Expectations: Analysts expect earnings of 65 cents and revenue of $1.13 billion. A year ago, Wynn posted a four-cent loss and revenue was $809.3 million. Key Issues: Like Las Vegas Sands, Wynn has seen boosted revenue of late, helped by continuing strong growth in the Chinese gambling enclave of China. Revenue and profit in its Macau unit both jumped by more than half in the third quarter, and its overall casino revenue has improved sharply. Boyd Gaming Corp. (BYD) - reporting date TBA Wall Street's Expectations: Boyd is expected to lose a nickel on $553 million in revenue, according to analysts' forecasts. The company recorded a one-cent loss, barely eking out a profit on an adjusted basis, and revenue was $384.9 million. Key Issues: Boyd in October passed on its chance to match an offer to buy from MGM the 50% stake of the Borgata resort that it didn't own, saying that matching the bid wouldn't provide a good enough return on investment. Revenue has been boosted by the stake in Borgata, but results adjusting for its ownership have fallen. The company in November said about 58% of notes were tendered in an offer to buy $158.8 million of debt at a 0.4% premium. (The Thomson Reuters estimates and year-earlier results may not be comparable due to one-time items and other adjustments.) -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com;

Stock News for Boyd Gaming (BYD)
DateTimeHeadline
08/04/201405:48:24Crown Resorts, Oaktree Capital, Former Wynn Executive to Partner...
01/31/201409:32:15U.S. Hot Stocks: Hot Stocks to Watch
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep -2-
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep 30
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As Of Sep 30
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As -2-
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases -2-
08/02/201309:21:17U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
07/31/201318:07:25Boyd Gaming, Two Other Firms, Unveil Share Offerings
03/04/201306:32:35Genting Confirms Purchase of Echelon Property in Las Vegas
03/01/201315:23:20WEEK AHEAD: Supermarkets, Casino Operator to Report Results
06/06/201212:09:33Applications Given Early Antitrust Clearance
04/17/201212:27:35EARNINGS PREVIEW: Casinos Reap Benefits From More Visits

Boyd Gaming and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad