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Thursday that it lost $766,000, or a penny per share for the three months ended Sept. 30. It lost $21.9 million, or 37 cents per share, a year earlier. Revenue rose 15 percent to $287.8 million from $250.6 million on increased revenue across all segments, including gaming and food and beverage.

Removing one-time items, Pinnacle reported adjusted earnings of 10 cents per share.

Analysts surveyed by Thomson Reuters, who usually omit one-time items, expected a loss of 7 cents per share and revenue of $282.7.

Pinnacle's stock rose $1.10, or 9.1 percent, to $13.16 in midday trading. Over the past year, it has traded between $7.07 and $14.57.

The current quarter's results were helped by a $5.3 million income tax benefit compared with a $461,000 income tax expense a year earlier.

Pinnacle, based in Las Vegas, owns and runs casinos in Nevada, Louisiana, Missouri and Indiana.

It plans to sell oceanfront land in Atlantic City, N.J., where it once planned to build a $1.5 billion casino resort.

Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHXQTzMMqHYZ5nuqjtFHILSnNTNQA&url=http://www.businessweek.com/ap/financialnews/D9J4T4M00.htm

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