Caesars Entertainment Q1 EPS $(0.73), Sales $2.74B Miss $2.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Caesars Entertainment reported a Q1 earnings per share (EPS) of $(0.73), missing expectations. Their sales for the quarter were $2.74 billion, which also fell short of the estimated $2.84 billion.
April 30, 2024 | 8:01 pm
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Caesars Entertainment's Q1 earnings and sales missed estimates, with an EPS of $(0.73) and sales of $2.74B against an expected $2.84B.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. The significance of the miss, especially in sales, indicates potential underlying issues that could concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100