RENO, Nev. (AP) 鈥� RENO, Nev. (AP) 鈥� Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $98 million in its first quarter.
On a per-share basis, the Reno, Nevada-based company said it had a loss of 48 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The casino and resort operator posted revenue of $2.87 billion in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.86 billion.
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