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Park Place Entertainment, the world's largest casino operator, said yesterday that, on an operating basis, it would break even in the fourth quarter because of lower casino winnings in Las Vegas and poor weather in other markets.
Just why the company took in so little cash on an operating basis was not clear.
Ford Credit earned $408 million on an operating basis, up from $389 million a year earlier.
The company said it now expected to break even on an operating basis.
"On an operating basis, we expect to report a small profit for the third quarter".
But Mr. Amaitis predicts the company will be profitable on an operating basis in 2011.
Most of CanWest's newspapers are believed to be solidly profitable on an operating basis.
On an operating basis, income was $4.13 billion, or 39 cents a share.
Michel Beebe, an analyst with Goldman , Sachs said yesterday, "On an operating basis, the company performed in line with expectations".
The decline resulted mostly from an accounting change and on an operating basis income was up 18percentt.
The team had revenue of $81 million last year, when it lost about $8 million on an operating basis.
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