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RENO, Nev. (AP) — RENO, Nev. (AP) — Monarch Casino & Resort Inc. (MCRI) on Tuesday reported fourth-quarter profit of $25.5 million.
On a per-share basis, the Reno, Nevada-based company said it had profit of $1.36.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The casino operator posted revenue of $134.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $129 million.
For the year, the company reported profit of $94.1 million, or $4.96 per share. Revenue was reported as $522.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCRI at https://www.zacks.com/ap/MCRI