RENO, Nev. (AP) — RENO, Nev. (AP) — Monarch Casino & Resort Inc. (MCRI) on Wednesday reported third-quarter earnings of $24.2 million.

The Reno, Nevada-based company said it had profit of $1.23 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The casino operator posted revenue of $133 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $135.3 million.

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