Eldorado Resorts: 4Q Earnings Snapshot

RENO, Nev. (AP) _ Eldorado Resorts Inc. (ERI) on Wednesday reported a loss of $13.2 million in its fourth quarter.

The Reno, Nevada-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs, were 26 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The casino and resort operator posted revenue of $592.1 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $590.7 million.

For the year, the company reported profit of $81 million, or $1.03 per share. Revenue was reported as $2.53 billion.

Eldorado Resorts shares have dropped 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.40, a climb of slightly more than 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERI at https://www.zacks.com/ap/ERI