Caesars Shares Fall After Wider-than-expected Loss

Caesars Entertainment Corp. shares declined in the extended session after the casino operator posted a wider-than-expected loss. Caesars shares declined 5% to $10.97 on moderate volume. The company posted a third-quarter loss of $6.29 a share on revenue of $2.21 billion. Analysts surveyed by FactSet were looking for a loss of $1.47 a share on revenue of $2.24 billion. Caesars also said Eric Hession will take over for Donald Colvin as chief financial officer at the beginning of the year.