Monarch Casino & Resort Reports Strong Q4 Earnings
RENO, Nev., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort Inc. (MCRI) announced its financial results for the fourth quarter ended December 31, 2022, reporting:
* Net income of $25.5 million, or $1.36 per share, exceeding analysts' estimates of $1.15 per share
* Revenue of $134.5 million, outperforming market expectations of $129 million
* Annual net income of $94.1 million, or $4.96 per share
* Annual revenue of $522.2 million
These positive results underscore the company's strong financial performance and growth trajectory.