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Caesars Entertainment: Q1 Earnings Snapshot

May 3, 2022 GMT

RENO, Nev. (AP) _ Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $680 million in its first quarter.

The Reno, Nevada-based company said it had a loss of $3.18 per share. Losses, adjusted to account for discontinued operations, were $2.11 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $2.15 per share.

The casino and resort operator posted revenue of $2.29 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $2.31 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CZR at https://www.zacks.com/ap/CZR