PARK PLACE EARNINGS BELOW AVERAGE

Jul 26, 2001 8:28 PM

Park Place Entertainment Corp. said it expects to report third-quarter earnings below estimated ranges.

In a conference call, Scott LaPorta, chief financial officer of Park Place reported earnings of 18 cents to 19 cents per share.

The consensus estimate among 16 analysts polled by Thompson Financial/First Call was 22 cents per share.