Caesars posts 4Q profit

LAS VEGAS (AP) _ Caesars Entertainment Corp. (CZR) on Wednesday reported fourth-quarter net income of $2 billion, after reporting a loss in the same period a year earlier.

The Las Vegas-based company said it had profit of $2.48 per share. Earnings, adjusted for pretax gains, were 14 cents per share.

The casino operator posted revenue of $1.9 billion in the period.

For the year, the company reported that its loss narrowed to $375 million, or $1.35 per share. Revenue was reported as $4.85 billion.

Caesars shares have fallen 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.50, an increase of 30 percent 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