AP NEWS

Caesars: 1Q Earnings Snapshot

May 1, 2019

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.

_____

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