Boyd Gaming Corporation (NYSE:BYD), owner and operator of 16 gaming entertainment properties, reported a third quarter profit of 7 cents per share, down from 10 cents in the same quarter last year. Net revenue fell 6.6% year over year, as customers spent less money even as visitation levels were about the same. Boyd shares fell over 12% in Tuesday trading.
Apparel and footwear company Under Armour (NYSE:UA) posted earnings of 52 cents per share for the third quarter, up from 51 cents in the same quarter last year. Revenue jumped just over 16% year over year, and the company boosted its revenue and earnings guidance for the year. Despite the strong report, investors were in sell-the-news mode, after the stock hit a new 52 week high yesterday at 33 dollars and 31 cents per share. On Tuesday, shares retreated off of Monday's levels, and were down about 9% on the day.
Automotive retailer Sonic Automotive (NYSE:SAH) reported third quarter earnings of 17 cents per share, which compares to a loss of 67 cents in the same quarter last year. Revenue was down about 6% year over year. Sonic shares were off over 10%.
And WMS Industries (NYSE:WMS), a manufacturer serving the gaming industry, reported record results for the third quarter, with earnings of 34 cents per share and a 9% increase in revenue year over year. WMS shares had hit a new 52 week high yesterday at 50 dollars and 11 cents per share, and retreated more than 8 and a half percent in Tuesday trading.
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