Caesars: 3Q Earnings Snapshot
LAS VEGAS (AP) _ Caesars Entertainment Corp. (CZR) on Thursday reported third-quarter net income of $110 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had net income of 14 cents. Losses, adjusted for non-recurring gains and pretax gains, were 3 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 3 cents per share.
The casino operator posted revenue of $2.19 billion in the period, also meeting Street forecasts.
Caesars shares have declined 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.