RENO, Nev. (AP) _ Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $423 million in its first quarter.

On a per-share basis, the Reno, Nevada-based company said it had a loss of $2.03. Losses, adjusted to account for discontinued operations, were $2.06 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.69 per share.

The casino and resort operator posted revenue of $1.7 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.66 billion.

Caesars Entertainment shares have climbed 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $95.53, increasing fivefold 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 CZR at https://www.zacks.com/ap/CZR

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