Gaming and Leisure Properties Inc reports results for the quarter ended March 31 - Earnings Summary
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Gaming and Leisure Properties IncQ) reported adjusted earnings of 60 cents per share for the quarter ended March 31, down from 64 cents a year ago and below analysts' expectations of 74 cents. Revenue increased by 5.1% to $395.24 million, slightly missing the forecast of $396.52 million. The company’s net income was $165.18 million. Despite a 2.6% drop in shares this quarter, the average analyst rating remains "buy" with a median 12-month price target of $56.00.
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