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Boyd Gaming Shares Up22 March 2002LOS ANGELES – As reported by Reuters: "Shares of Boyd Gaming Corp. (NYSE:BYD) rose 15 percent on Friday after the company said that its first-quarter earnings would be better than expected "Boyd's stock was up $1.77 at $13.77 midway through the trading day on the New York Stock Exchange, continuing a run for a company whose shares have more than tripled from the $5 level since December. "…In its latest piece of positive news, Boyd said on Thursday it expected to report first-quarter earnings, before pre-opening expenses, of 27 cents to 30 cents per share. It said pre-opening costs would total 4 cents to 6 cents per share. "The consensus estimate among analysts polled by Thomson Financial/First Call had been 18 cents per share. "…The positive news prompted Bear Stearns analyst Jason Ader to upgrade the stock to a `buy' rating from `attractive.' " |