Caesars Entertainment Corp (CZR) Releases Earnings Results, Misses Expectations By $-13.90 EPS

Caesars Entertainment Corp (CZR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-14.25 earnings per share for the quarter, missing the analyst consensus estimate by $-13.90. Analysts had a consensus of $-0.35. The company posted revenue of $1230.00 million in the period, compared to analysts expectations of $2436.59 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Caesars Entertainment Corp closed down -0.14 points or -1.99% at $6.9 with 5,06,317 shares getting traded on Friday. Post opening the session at $7.07, the shares hit an intraday low of $6.9 and an intraday high of $7.074 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 22, 2015, Mark P Frissora (Chief Exec Officer Designate) purchased 101,900 shares at $10.04 per share price. According to the SEC, on May 22, 2015, Timothy R Donovan (EVP, Gen. Counsel, Chief RCO) sold 5,349 shares at $9.97 per share price.

Caesars Entertainment Corporation (Caesars) is a holding and casino-entertainment and hospitality services company. The Company’s facilities include gaming offerings food and beverage outlets hotel and convention space and non-gaming entertainment options. Its business operations include Caesars Entertainment Resort Properties; Caesars Growth Partners Casino Properties and Developments; Caesars Interactive Entertainment and Caesars Entertainment Operating Company. In addition to brick and mortar assets it operates an online gaming business that provides social and mobile offerings. Its subsidiaries include Caesars Entertainment Resort Properties LLC Caesars Growth Partners LLC Caesars Entertainment Operating Company Inc. and Caesars Enterprise Services LLC. It operates under the Harrah’s Caesars and Horseshoe brand names. Through its consolidated entities it owned and operated or managed over 49 casinos in approximately 14 states of the United States and over five countries.

Caesars Entertainment Corp

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