WPT Posts Second-Straight Loss

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Shares in WPT Enterprises Inc. didn’t budge despite the poker-focused entertainment company swinging to a loss for the second straight quarter.


WPT reported a first quarter loss of $2.3 million (11 cents per share), versus net income of $3.6 million (18 cents).


Revenue for the Los Angeles-based company fell 20 percent to $3.7 million.


The company also said that it sold five episodes of its World Poker Tour TV show during the quarter, one less than it did at the same time last year.


Shares in WPT shares were flat in afternoon trading Wednesday after losing 15 cents Tuesday to close at $5.15 in trading on the Nasdaq.

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