Caesars Reports 4Q Loss
LAS VEGAS (AP) — Caesars Entertainment Corp. on Tuesday reported a loss of $76 million in its fourth quarter.
On a per-share basis, the Las Vegas-based company says it had a loss of 54 cents. Losses, adjusted for restructuring costs and asset impairment costs, were 32 cents per share.
The casino operator posted revenue of $1.12 billion in the period.
For the year, the company reported net income of $5.92 billion, or $40.26 per share, swinging to a profit in the period. Revenue was reported as $4.65 billion.
Caesars shares have decreased nearly 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.52, a drop of 31 percent in the last 12 months.