Harrah's Second Quarter Profit Up Sharply

LAS VEGAS (AP) - Casino giant Harrah's Entertainment says its second-quarter profit surged 85% on strong results in Las Vegas and Atlantic City.

But adjusted results missed analysts' estimates.

The Las Vegas-based company is reporting adjusted earnings from continuing operations were 96 cents per share in the three months ending June 30th.

That compares with 95 cents per share a year ago.

Analysts had projected net income of 98 cents per share. Harrah's is being taken private in a $17.1 billion deal.

Overall earnings for the quarter climbed to $237.5 million -- or
$1.25 per share. That compares with $128.6 million, or 69 cents per share, a year ago.