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Stock impact report

Monarch Casino & Resort Reports 2023 Fourth Quarter Financial Results [Yahoo! Finance]

Monarch Casino & Resort, Inc. (MCRI) 
Last monarch casino & resort, inc. earnings: 4/22 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: monarchblackhawk.com
Company Research Source: Yahoo! Finance
RENO, Nev., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter ended December 31, 2023, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, Change Change Net revenue Net income Adjusted EBITDA Basic earnings per share Diluted earnings per share (1) Net Income in the fourth quarter of 2023 was impacted by: a) the effective tax rate (28.6% in the fourth quarter of 2023 and 19.5% in the fourth quarter of 2022), which varies based on the amount of the excess tax benefit on stock compensation and drove a $2.9 million decrease in Net income; b) legal and consulting costs related to the ongoing litigation with the Monarch Black Hawk's general contractor which impacted Net income by $2.8 million and $0.8 million, respectively, in the fourth quarter of 2023 and 2022, resu Show less Read more
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