Caesars Entertainment posts 3rd-quarter loss of $908.1 million

LAS VEGAS (AP) — Caesars Entertainment Corp. (CZR) on Monday reported a loss of $908.1 million in its third quarter.

The Las Vegas-based company said it had a loss of $6.29 per share. Losses, adjusted for asset impairment costs and to account for discontinued operations, came to $3.14 per share, according to Zacks Investment Research.

The casino operator posted revenue of $2.21 billion in the period.

Caesars shares have declined 46 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.54, a decrease of 36 percent in the last 12 months.


Elements of this story were generated by Automated Insights using data from Zacks Investment Research. CZR stock research report from Zacks.


Keywords:Caesars Entertainment,Earnings Report