Caesars augments first-quarter predictions - 2004-03-10
Caesars Entertainment Inc. (CZR) shares rose to their highest point in over 3 years on Wednesday, after the company raised its earnings forecast for the first quarter, citing more room revenue and table wins than expected.
The world's largest casino operator projected adjusted first-quarter earnings of 17 cents to 19 cents a share, up from its former forecast of 11 cents to 13 cents a share. This is well beyond Wall Street forecasts of 12 cents a share, according to Reuters Research, a unit of Reuters Group Plc.
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