RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported fourth-quarter earnings of $11 million.
On a per-share basis, the Reno, Nevada-based company said it had profit of 5 cents.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The casino and resort operator posted revenue of $2.8 billion in the period, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $2.81 billion.
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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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