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Earnings grew 40% at Station Casinos (STN Quote) in the second quarter, as the company continued to benefit from the booming Las Vegas economy.
Station, whose casinos cater to the city's local residents, said net income grew to $40.6 million, or 58 cents a share, from $29.0 million, or 43 cents a share, a year earlier.
Excluding one-time items and development expenses, Station reported EPS of 65 cents, up from 52 cents a year before and a penny ahead of the 64-cent average analyst estimate from Thomson First Call. ...
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