Caesar’s Entertainment, Inc. (NASDAQ:CZR) shares climbed in Tuesday’s extended trading after the company released its fourth-quarter earnings report.
Here’s a look at the details in the report.
- CZR stock is moving. Watch the price action here.
The Details: Caesars Entertainment reported quarterly losses of 33 cents per share which missed the analyst estimate for losses of 17 cents, according to data from Benzinga Pro.
Quarterly revenue clocked in at $2.92 billion which beat the Street estimate of $2.89 billion and was up from $2.8 billion in the same period last year.
Same-store adjusted EBITDA was $901 million versus $882 million for the comparable prior-year period.
Caesars Digital adjusted EBITDA was a record $85 million versus $20 million for the comparable prior-year period.
“Fourth quarter consolidated same-store Adjusted EBITDA grew year over year driven by Caesars Digital which set a new quarterly record of $85 million, stable results in our Regional segment and a quarterly sequential improvement in operating trends in Las Vegas,” CEO Tom Reeg said.
CZR Stock Price: According to data from Benzinga Pro, Caesar’s stock rose 3.75% to $19.66 in Tuesday’s extended trading.
Photo: Shutterstock
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