RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $136 million in its first quarter.
On a per-share basis, the Reno, Nevada-based company said it had a loss of 63 cents. Earnings, adjusted to extinguish debt, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The casino and resort operator posted revenue of $2.83 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $2.74 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
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