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AP National Business

Caesars Entertainment: Q4 Earnings Snapshot

KION
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Published 1:22 PM

RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $148 million in its fourth quarter.

On a per-share basis, the Reno, Nevada-based company said it had a loss of 70 cents. Losses, adjusted for asset impairment costs and to extinguish debt, came to 11 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 18 cents per share.

The casino and resort operator posted revenue of $2.82 billion in the period, matching Street forecasts.

For the year, the company reported that its loss narrowed to $899 million, or $4.20 per share. Revenue was reported as $10.82 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

Article Topic Follows: AP National Business

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