Caesars Entertainment Posts $123 Million Q3 Loss, Misses Analyst Estimates

Caesars Entertainment Inc. (CZR) reported a net loss of $123 million, or 61 cents per share, for its third quarter, falling short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Revenue came in at $2.94 billion for the period, also missing forecasts. Six analysts surveyed by Zacks had expected revenue of $2.98 billion. Caesars operates casinos and resorts. The results, reported Tuesday, disappointed on both earnings and revenue fronts, according to data from Zacks Investment Research.