Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,963.21
    +31.23 (+0.39%)
     
  • Bitcoin USD

    70,897.46
    +1,774.51 (+2.57%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,253.11
    +4.62 (+0.09%)
     
  • Dow

    39,786.54
    +26.46 (+0.07%)
     
  • Nasdaq

    16,390.97
    -8.55 (-0.05%)
     
  • Gold

    2,236.70
    +24.00 (+1.08%)
     
  • Crude Oil

    82.57
    +1.22 (+1.50%)
     
  • 10-Yr Bond

    4.1850
    -0.0110 (-0.26%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Caesars: 1Q Earnings Snapshot

Caesars: 1Q Earnings Snapshot

LAS VEGAS (AP) -- Caesars Entertainment Corp. (CZR) on Wednesday reported a loss of $217 million in its first quarter.

The Las Vegas-based company said it had a loss of 32 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The casino operator posted revenue of $2.12 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.06 billion.

Caesars shares have risen 34% since the beginning of the year. They closed Wednesday at $9.10, a decrease of 22% in the last 12 months.

_____

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