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LAS VEGAS (AP) _ Boyd Gaming Corp. (BYD) on Thursday reported fourth-quarter net income of $172.7 million.
On a per-share basis, the Las Vegas-based company said it had profit of $1.63. Earnings, adjusted for one-time gains and costs, were $1.72 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The casino operator posted revenue of $922.9 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $883 million.
For the year, the company reported profit of $639.2 million, or $5.86 per share. Revenue was reported as $3.56 billion.
Boyd shares have climbed 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $62.14, a climb of 3% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BYD">Zacks stock report on BYD at https://www.zacks.com/ap/BYD