Article: Pinnacle's quarterly earnings soar.

Byline: Howard Stutz

Aug. 2--Pinnacle Entertainment on Tuesday announced a large gain in second-quarter earnings compared to a year ago due to prosperous times at its New Orleans casino and three full months of results from its year-old casino in Lake Charles, La.

A net payment of $44.8 million from Aztar Corp. to cover the companies' terminated merger agreement also boosted Pinnacle in the quarter.

But those figures didn't help the company's stock.

Shares in Las Vegas-based Pinnacle Entertainment fell $2.43 on the earnings news, closing at $25 in trading on the New York Stock Exchange, off 8.86 percent. More than 2.1 million shares ...

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