Casinos & Gaming

Shares of RadioShack Corp (NYSE: RSH) fell about 0.4% after the company reported weaker-than-expected Q1 earnings. RSH reported its Q1 earnings at $35.1 million, or $0.33 per share, down from $50.1 million, or $0.39 per share, in the year-earlier period. However, analysts were expecting earnings of...

Shares of International Game Technology (NYSE: IGT) are higher on the session by 10.17%, trading at $17.99. Overall call volume is now running at 2.58x the daily average, with 54% of all calls traded being purchases on the offer. 2,561 contracts have traded on the session so far. International...

According to Jefferies, Int'l Game Tech (NYSE: IGT) Hold rating is reiterated. Jefferies said that with revenue and profit higher than expected coupled with tax savings, partially offset by higher than expected SG&A, it believes the quarter generally reflects outlook for a gradual recovery for...

Shares of International Game Technology (NYSE: IGT) jumped in pre-market trading after the company reported better-than-expected FQ2 earnings and raised its earnings guidance for the full fiscal year. IGT reported its FQ2 net income from continuing operations at $69.6 million, or $0.23 per share,...

Citi reports that it expects Pinnacle Entertainment Inc.'s (NYSE: PNK) 1Q11 casino revenues to total about $264.4 million, “incorporating a 12.3% gain over last year.” “We are currently projecting net revenues of $299.7 million for the quarter, which represents growth of about 12.1% over the prior...

MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that the Company's Board of Directors has appointed Jeffrey J. Dahl, President and Chief Executive Officer of the Company, as a director to fill a vacancy on the Board.

International Game Technology (NYSE: IGT) Reports EPS of $0.23 vs. $0.21 Estimate; Revenues $492M vs. $479.23M Estimate

Morgan Stanley is out with a research report on Penn National Gaming (NASDAQ: PENN) after it reported earnings. It has an Overweight rating on shares. In a note to investors, Morgan Stanley writes, "PENN reported net revenue and Adjusted EBITDA results above our and consensus estimates. Adjusted...

KeyBanc Capital Markets upgraded Penn National Gaming (NASDAQ: PENN) to a Buy rating and established Penn National Gaming's price target at $47 in a research report published today. In the report, KeyBanc Capital Markets states, "We continue to consider PENN the "best in breed" in the regional...

Shares of Penn National Gaming (NASDAQ: PENN) are higher on the session by 6.45%, currently trading at $39.75. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...

Biogen Idec Inc (NASDAQ: BIIB) shares moved up 22.96% to $106.45 at 10:30 am. The volume of BIIB shares traded was 1010% higher than normal. BIIB reported upbeat Q1 results. Select Comfort Corporation (NASDAQ: SCSS) shares rose 23.70% to $16.42. The volume of SCSS shares traded was 607% higher...

Travelzoo Inc (NASDAQ: TZOO) shares rose 21.29% to create a new 52-week high of $89.60. TZOO reported a 30% year-over-year surge in its Q1 revenue. Penn National Gaming Inc (NASDAQ: PENN) shares gained 7.10% to create a new 52-week high of $39.99. PENN reported upbeat Q1 earnings and raised 2011...

J.P. Morgan is out with its report today on Penn National (NASDAQ: PENN), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We remain Overweight here given (1) PENN's ability to control costs and drive margin improvement in a stabilizing regional casino revenue environment, where...

Penn National (NASDAQ: PENN) EPS $0.48 vs. $0.41 Estimate.

Cusick's Corner The markets into the afternoon could not muster much of a push after today's impressive open. The S&P did chop along in a tight range, this is notable because I do not want to see a market that makes a move and then starts to look over its shoulders. I use the term shoulders...