PARK PLACE ENTERTAINMENT CORP., posts 4Q EPS $0.05 vs. $0.02
|
3 Mos. to Dec. 31: |
1999 |
1998 |
|---|---|---|
|
Revenues |
850,000 |
712,000 |
|
Net income |
17,000 |
6,000 |
|
Share earns. (basic) |
$0.06 |
$0.02 |
|
Share earns. (diluted) |
$0.05 |
$0.02 |
|
Years Ended: |
|
|
|
Revenues |
3,176,000 |
2,900,000 |
|
Inc. bef. acctg. change |
138,000 |
139,000 |
|
Acctg. change |
(2,000) |
-- |
|
Net income |
136,000 |
139,000 |
|
Share earns. (basic) |
|
|
|
Bef. acctg. change |
$0.46 |
$0.46 |
|
Acctg. change |
(0.01) |
-- |
|
Net income |
0.45 |
0.46 |
|
Share earns. (diluted) |
|
|
|
Bef. acctg. change |
$0.45 |
$0.45 |
|
Acctg. change |
(0.01) |
-- |
|
Net income |
0.44 |
0.45 |
| Note: a Results include pre-opening costs of $47M for the 1999 year. Results for 1998 are on a pro forma basis, reflecting the acquisition of Grand Casinos. | ||
NEW YORK (Standard & Poor's)--February 1, 2000, PARK PLACE ENTERTAINMENT CORP., announced 4Q EPS $0.05 vs. $0.02 and annual EPS $0.45 vs. $0.45.
Results include pre-opening costs of $47M for the 1999 year.
Results exclude an accounting change charge of $0.01 per sh. for the 1999 year.
Results for 1998 are on a pro forma basis, reflecting the acquisition of Grand Casinos.