Caesars Entertainment Q4 Loss Widens Sharply

(RTTNews) - Caesars Entertainment Corp. (CZR) reported a net loss for the fourth quarter of $1.8 billion or $12.83 per share, compared to a net loss of $480.3 million or $3.84 per share for the year-ago quarter.

The year-ago quarter included a loss from discontinued operations of $0.33 per share.

The latest quarter results include a $1.96 billion impairment of intangible and tangible assets

Net revenue for the fourth quarter grew to $2.08 billion from $2.01 billion a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $1.49 per share on revenue of $2.12 billion for the fourth quarter. Analysts' estimates typically exclude special items.