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Pinnacle Entertainment beats 3Q profit forecasts

LAS VEGAS (AP) _ Pinnacle Entertainment Inc. (PNK) on Tuesday reported third-quarter net income of $14.1 million, after reporting a loss in the same period a year earlier.

The Las Vegas-based company said it had profit of 23 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The casino operator posted revenue of $647.4 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $654.7 million.

Pinnacle Entertainment shares have climbed 84 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNK at https://www.zacks.com/ap/PNK