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Shares of casino stock Caesars Entertainment Inc (NASDAQ:CZR) are down 9.2% at $41.13 at last glance, after the company reported third-quarter losses of 4 cents per share, compared to the profits of 12 cents per share anticipated by analysts.
CZR's third-quarter 2024 results reflect soft contributions from four of its five reportable segments, with benefits realized from the Caesars Digital segment.
Caesars Entertainment, Inc. (NASDAQ:CZR ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Brian Agnew - SVP, Corporate Finance, Treasury and IR Anthony Carano - President and COO Eric Hession - President, Caesars Sports and Online Gaming Bret Yunker - CFO Tom Reeg - CEO Conference Call Participants Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Brandt Montour - Barclays Dan Politzer - Wells Fargo Steven Wieczynski - Stifel David Katz - Jefferies Barry Jonas - Truist Securities Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley John DeCree - CBRE Chad Beynon - Macquarie Jordan Bender - Citizens JMP Daniel Guglielmo - Capital One Securities Operator Hello, and welcome to Caesars Entertainment's 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Caesars Entertainment (CZR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Caesars Entertainment (CZR) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.21. This compares to earnings of $0.34 per share a year ago.
CZR's third-quarter 2024 results are likely to reflect the impact of increased competition, construction disruptions and higher expenses.
Caesars Entertainment (CZR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CZR benefits from the strong performance in Las Vegas, record occupancy and growth of its sports betting segment.
Caesars Entertainment CEO Tom Reeg on Tuesday discussed the business' recent launch of its new online casino app, Horseshoe.
Tom Reeg, Caesars Entertainment CEO, joins CNBC's 'Squawk Box' to discuss the company's recent stock buyback, the state of discretionary spending, and more.
Caesars Entertainment partners with Sault Ste. Marie Tribe of Chippewa Indians to unveil Horseshoe Online Casino in Michigan.