Penn National Gaming Inc (NASDAQ:PENN) is trading relatively flat Thursday afternoon after surging higher at the open following better-than-expected sales results. The company also issued guidance and announced a $750 million buyback.
Penn National reported fourth-quarter revenue of $1.6 billion, which beat the $1.51 billion estimate. The company reported $44.8 million in net income on 2.8% margins, which is up from net income of $12.7 million on 1.2% margins in the fourth-quarter of 2020.
