RENO, Nev. (AP) 鈥� RENO, Nev. (AP) 鈥� Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $62 million in its second quarter.
On a per-share basis, the Reno, Nevada-based company said it had a loss of 30 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The casino and resort operator posted revenue of $2.99 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $2.96 billion.
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