Caesars Shares Tumble 13% On Sizable Quarterly Losses

Caesars Entertainment Corp. shares slumped in Monday's extended session after the casino operator reported steep quarterly losses. Caesars reported its third-quarter loss narrowed to $756 million, or $5.44 a share, from a loss of $980 million, or $6.29 a share, a year earlier. Revenue shrank to $535 million from $1.39 billion. Caesars noted that results prior to Jan. 15 have not been adjusted to reflect Caesars Entertainment Operating Co. filing for Chapter 11. Shares of Caesars sank 13% in after-hours trading.