Shares of Caesars Entertainment Are Falling After Disappointing Fourth Quarter Earnings

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Shares of Caesars Entertainment (CZR) are under pressure after missing both the top and bottom line in its latest quarter. For the fourth quarter, Caesars reported an adjusted loss of $3.56 a share on revenue of about $2.1 billion for the quarter. Both figures missed analysts' expectations, but showed an improvement from the same quarter of last year. CEO Gary Loveman said performance in the fourth quarter was driven by its ongoing strength in the interactive business, new hospitality offerings and sequential improvement in same-store regional results. The casino entertainment company says it will focus on enhancing performance and carry out its financial restructuring plan in 2015. TheStreet's Kurumi Fukushima reports in New York. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet