Why Penn Entertainment Stock Dipped Today
Shares of Penn Entertainment (NASDAQ: PENN) pulled back today after the company reported mixed results in its first-quarter earnings report and as the company was embroiled in controversy after the casino operator fired a popular media personality.
The stock closed down 13.7% on the news.
Penn, which has made a reputation for itself in part as an online gambling company and is the parent of Barstool Sportsbook after it fully acquired Barstool Sports earlier this year, said that revenue in the quarter rose 7% to $1.68 billion, topping expectations at $1.59 billion.
Source Fool.com
