5 Latest Earnings You Should Check Out

4. Caesars Entertainment, Inc. (NASDAQ:CZR)

Number of Hedge Fund Holders: 59

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) edged higher on Wednesday after swinging to a profit in the third quarter. The casino-entertainment company reported earnings of 24 cents per share versus a loss of $1.08 per share in the year-ago period.

In addition, Caesars Entertainment, Inc. (NASDAQ:CZR) posted revenue of $2.89 billion, up from $2.69 billion in the same period of 2021. The results were above analysts’ average estimate of 14 cents per share for earnings and $2.82 billion for revenue.

Discussing the performance, CEO Tom Reeg said:

“Our third quarter results reflect a new quarterly record for consolidated adjusted EBITDA. Results in the quarter also reflect a new quarterly record for our brick and mortar properties led by a new all-time high third quarter EBITDA performance in our regional segment and continued strength in Las Vegas. Caesars Digital reported strong revenue growth in the quarter and a smaller than expected EBITDA loss driven by improved operating efficiencies.”

Follow Caesars Entertainment Inc. (NASDAQ:CZR)