Caesars Acquisition Company (CACQ) has reported 20,585.64 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $3,888.90 million, or $3.78 a share in the quarter, compared with $18.80 million, or $0.05 a share for the same period last year. Revenue during the quarter went up marginally by 1.15 percent to $422.50 million from $417.70 million in the previous year period. Gross margin for the quarter contracted 3502 basis points over the previous year period to 32.76 percent. Operating margin for the quarter stood at negative 25.35 percent as compared to a positive 7.13 percent for the previous year period.
Operating loss for the quarter was $107.10 million, compared with an operating income of $29.80 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $102.10 million compared with $96.60 million in the prior year period. At the same time, adjusted EBITDA margin improved 104 basis points in the quarter to 24.17 percent from 23.13 percent in the last year period.
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