Caesars: 1Q Earnings Snapshot
LAS VEGAS (AP) — Caesars Entertainment Corp. (CZR) on Wednesday reported a loss of $217 million in its first quarter.
The Las Vegas-based company said it had a loss of 32 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The casino operator posted revenue of $2.12 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.06 billion.
Caesars shares have risen 34% since the beginning of the year. They closed Wednesday at $9.10, a decrease of 22% in the last 12 months.