Thursday, February 23, 2012

Genting Singapore shares fall after Q4 earnings

Shares of casino operator Genting Singpore PLC fell as much as 4.5% to a three week low after some analysts said its fourth quarter earnings missed their expectations, reported Reuters.

By 9:05 a.m., Genting’s shares were 3% lower at $1.615 with over 3 million shares changing hands, making it the most actively traded stock on the stock.

Genting, whose main asset is the Resorts World at Sentosa casino complex, made $398.8 million in adjusted earnings before interest, tax, depreciation and amortisation last quarter, up from $384.7 million a year ago.
 
   

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