US12769G1004 - Common Stock
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at casino operator stocks, starting with Caesars Entertainment (NASDAQ:CZR).
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Wynn Resorts (NASDAQ:WYNN) and the best and worst performers in the casino operator industry.
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 4% year on year to $2.87 billion. Its GAAP loss of $0.04 per share was also 128% below analysts’ consensus estimates.
Gambling revenue on the Las Vegas Strip slumped 1.8% in September, the third straight monthly decline for the biggest US casino market and a sign of potentially tough quarterly comparisons for big companies like Caesars Entertainment Inc.
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) will be reporting results tomorrow afternoon. Here’s what you need to know.