Caesars Q3 net income surpasses Wall Street expectations

One of the many sculptured angels is shown at Caesars Palace on Wednesday, Aug. 5, 2015.

Tuesday, Nov. 1, 2022 | 2:35 p.m.

RENO — Caesars Entertainment, Inc. (CZR) on Tuesday reported third-quarter net income of $52 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Reno-based company said it had net income of 24 cents.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The casino and resort operator posted revenue of $2.89 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $2.84 billion.

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