Why Caesars Entertainment Stock Is Sinking This Week

Shares of Caesars Entertainment Inc (NASDAQ: CZR) fell this week, down 11.4% as of 1:49 p.m. ET on Friday. The move came as the S&P 500 jumped 0.5% and the Nasdaq-100 gained 1.7%.The casino operator saw its stock plummet this week after releasing quarterly earnings that disappointed across the board after a particularly slow season in Las Vegas.Caesars Entertainment badly missed Wall Street expectations earlier this week, reporting a third-quarter loss of $0.27 per share--three times worse than the projected $0.09 loss. Revenue also fell short at $2.87 billion versus estimates of $2.89 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool