Bally's rises after 2023 revenue forecast above estimates

Bally's

13/02/2023 15:44

** Shares of Bally's Corp  BALY.N  up 1.3% at $19.49
    ** Co expects FY 2023 rev to be in range of $2.5 bln - $2.6
bln, the median of which is above analysts' estimate of $2.46
bln according to Refinitiv data
    ** Co also posts Q4 preliminary rev of $576.7 mln vs
analysts' estimate of $568.9 mln 
    ** Co's preliminary rev for FY 2022 is $2.26 bln vs
analysts' estimate of $2.25 bln
    ** Additionally, co names Robeson Reeves as CEO, replacing
Lee Fenton
    ** Shares of BALY fell 49% in 2022     
 (Reporting by Sri Hari N S)
 ((SriHari.NS@thomsonreuters.com;))