RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported fourth-quarter profit of $11 million.
The Reno, Nevada-based company said it had net income of 5 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The casino and resort operator posted revenue of $2.8 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $2.81 billion.
For the year, the company reported a loss of $278 million, or $1.29 per share. Revenue was reported as $11.25 billion.
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