Caesars: 1Q Earnings Snapshot
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.