Caesars Entertainment: Q4 Earnings Snapshot

Associated Press Finance
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RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $72 million in its fourth quarter.

On a per-share basis, the Reno, Nevada-based company said it had a loss of 34 cents.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The casino and resort operator posted revenue of $2.83 billion in the period, which met Street forecasts.

For the year, the company reported profit of $786 million, or $3.64 per share. Revenue was reported as $11.53 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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