Caesars Entertainment: Q1 Earnings Snapshot
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.