RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $115 million in its first quarter.
The Reno, Nevada-based company said it had a loss of 54 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The casino and resort operator posted revenue of $2.79 billion in the period, which beat Street forecasts. Eight analysts surveyed by Zacks expected $2.78 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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