Why Caesars Entertainment's Shares Popped 10.4% on Wednesday

Shares of Caesars Entertainment (NASDAQ: CZR) jumped as much as 10.4% in early trading on Wednesday after the company reported first-quarter 2021 financial results. Shares settled down slightly as the day went on and closed up 7.8%. 

Net revenue for the quarter was $1.7 billion, but net loss was $423 million, or $2.03 per share. Results include the merger with Eldorado Resorts completed last year and are still lumpy as casinos recover from the pandemic. 

Image source: Getty Images.

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Source Fool.com