RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $55 million in its third quarter.
The Reno, Nevada-based company said it had a loss of 27 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The casino and resort operator posted revenue of $2.87 billion in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $2.89 billion.
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