Caesars Entertainment Posts Q3 Loss With Revenue and Earnings Missing Estimates

Caesars Entertainment reported weaker-than-expected third-quarter results on October 27, with a GAAP EPS loss of $0.61, missing analyst estimates by $0.50, and revenue of $2.94 billion falling roughly $20 million short of the $2.96 billion consensus forecast. The company posted a net loss of $123 million for the quarter. Shares edged lower following the release.

Monarch Casino and Resort also missed on both headline metrics in the same reporting period, posting GAAP EPS of $1.76, short of estimates by $0.08, on revenue of $146.2 million, which came in $1.85 million below expectations.