News Formal

Penn National sheds $2.69 billion in valuation after earnings miss, allegations against Barstool's Portnoy

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Shares of Penn National Gaming plummeted more than 20% on Thursday after a big third-quarter profit miss and allegations of sexual misconduct against Barstool Sports’ founder. The decline wiped away more than $2.5 billion from Penn National’s market cap.

Shares of Penn National Gaming Inc. plummeted more than 20% on Thursday after a big third-quarter profit miss and allegations of sexual misconduct against Barstool Sports’ founder.

The 21.1% decline for the stock price was the worst Penn National has absorbed since March 2020, when concerns about the COVID-19 pandemic thrashed the stock market, with casino stocks taking a massive hit. Penn National rebounded soon after on optimism for its tie-up with Barstool Sports, and was added to the S&P 500 index SPX, +0.42% in March of this year.

Penn National’s spiral began when it reported a hefty miss on quarterly profit before the session opened. Penn’s profit fell nearly 40% from a year ago, with its chief executive blaming the effects of Hurricane Ida and the spread of the Delta variant of COVID-19.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

DraftKings, Caesars and Penn National — here’s how sports-betting stocks performed in OctoberShares of DraftKings dropped 7.85% in October, underperforming a roughly 5% gain from the S&P 500 over the same period.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »