Revenue Update on Boyd Gaming Corporation(NYSE:BYD)

Boyd Gaming Corporation(NYSE:BYD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $544.87M. Analysts estimated a revenue of $558.66M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.32.

Boyd Gaming Corporation (BYD) shares turned negative on Fridays trading session with the shares closing down -0.18 points or -0.90% at a volume of 8,90,971. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.09. The peak price level was also seen at $20.09 while the days lowest was $19.72. Finally the shares closed at $19.82. The 52-week high of the shares is $21.43 while the 52-week low is $14.22. According to the latest information available, the market cap of the company is $2,225 M.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Keith Smith (President & CEO) sold 7,200 shares at $19.40 per share price.Also, On Jun 7, 2016, Brian A Larson (Executive V.P. and Secretary) sold 38,265 shares at $19.52 per share price.On Jun 6, 2016, Paul W Whetsell (director) purchased 7,500 shares at $19.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada Illinois Indiana Iowa Kansas Louisiana Mississippi and New Jersey. The Company owns and manages 1268345 square feet of casino space containing 30392 slot machines 777 table games and 11391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula and Borgata.

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