Boyd Gaming Corp. (NYSE: BYD) is scheduled to release fourth-quarter earnings before the market open on Tuesday, March 1, 2011. Analysts, on average, expect the company to post a loss of 5 cents per share on revenue of $553.03 million. In the year-ago period, the company break-even per share on revenue of $384.95 million.
The company owns and operates 16 casinos in six states, including a 50-percent stake in Borgata. As of December 31, 2009, the Company’s wholly owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana.
In the preceding third quarter, the Las Vegas, Nevada-based company's net income was $5.6 million, or 6 cents a share, compared with a profit of $6.3 million, or 7 cents a share, in the year-earlier quarter. On an adjusted basis, the company earned 2 cents a share in the latest quarter. Revenue dropped 4.1% to $595.4 million from $620.8 million. Analysts, on average, expected the company to report earnings of 5 cents per share on revenue of $591.67 million.
The company has benefited from continued stabilization and improvement of its core business volumes. At its last earnings call in October, the company said that it was on track to report the best year-over-year comparisons of the year in the fourth quarter.
Tha company has turned to the ever popular medium of cell phones and smartphones to try and increase and retain the client bases. Boyd Gaming Corp. which already has a smartphone app called B Connected Mobile, is extending their offerings to non-smartphone users through an agreement with Skywire Media which will provide text messages to Boyd customers. The company is hoping that the move will increase customer interest in their products, as well as keeping them informed about promotions and offers.
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