BUZZ-Caesars Entertainment rises as it swings to profit in Q4

Reuters

02-26

BUZZ-Caesars Entertainment rises as it swings to profit in Q4

** Shares of casino operator Caesars Entertainment CZR.O up 3% to ~$36 premarket

** CZR on Tuesday swung to fourth-quarter profit from year-ago loss, driven by strong performance from its casino operations in Las Vegas

** Company posted quarterly net income of 5 cents per share, compared to loss of 34 cents per share a year ago

** 12 of 17 brokerages rate CZR "buy" or higher, 3 "hold" and two "sell"; their median PT is $50 - LSEG data

** In 2024, stock was down 28.7%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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