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First-quarter profits more than doubled at Boyd Gaming (BYD Quote) on strong business across its casino portfolio, and the company handily beat Wall Street expectations.
The Las Vegas company Monday reported first-quarter net income of $40.1 million, or 45 cents a share, vs. $13.5 million, or 20 cents a share, a year earlier.
The latest quarter's earnings include a charge of $16.4 million, or 18 cents a share, for a change in the way Boyd accounts for intangible assets, as it reduced the value of license rights at its Delta Downs casino. ...
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