Stars Group’s Earnings & Revenues Lag Estimates in Q1

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Stars Group’s Earnings & Revenues Lag Estimates in Q1

The Stars Group Inc. (TSG) reported first-quarter 2019 results, wherein both earnings and revenues missed the Zacks Consensus Estimate. The company reported adjusted earnings per share of 38 cents, which missed the consensus estimate of 43 cents. The bottom line also declined 43.3% on a year-over-year basis.

Revenues came in at $580.4 million, lagging the Zacks Consensus Estimate of $613 million. However, the top line increased 47.7% year over year owing to contribution of revenues from Sky Betting & Gaming and BetEasy.

Cash and cash equivalent at the end of quarter came in at $599.7 million compared with $721.1 million as of Dec 31, 2018. Long-term debt at the end of the first quarter totaled $5,912 million, up from $5,411.2 million as of Dec 31, 2018.

https://finance.yahoo.com/news/gambling-stock-roundup-wynn-sell-135801684.html

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