Why Caesars Entertainment (CZR) Stock Is Declining In After-Hours Trading Today

NEW YORK (TheStreet) -- Caesars Entertainment (CZR) shares are down -1.6% to $13.45 in after-hours trading on Monday after reporting a second quarter net loss of $466.4 million, or -$3.24 per diluted share, well bellow analyst expectations of -$1.27.

Net revenue for the quarter fell 1.9% to $2.19 billion, just short of analysts $2.2 billion estimates. 

The largest casino operator in the U.S. reported a strong performance from its Las Vegas operations, but its foreign operations did not fair as well. 

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TheStreet Ratings team rates CAESARS ENTERTAINMENT CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate CAESARS ENTERTAINMENT CORP (CZR) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

CZR Chart CZR data by YCharts

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