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Caesars: 1Q Earnings Snapshot

May 11, 2020 GMT

LAS VEGAS (AP) _ Caesars Entertainment Corp. (CZR) on Monday reported first-quarter net income of $189 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 36 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The casino operator posted revenue of $1.83 billion in the period.

Caesars shares have declined 29% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.65, an increase of 6% in the last 12 months.

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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

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