MGM: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:38 PM ET
Last Updated - Dec 16, 2024, 05:49 PM EST
LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Wednesday reported third-quarter earnings of $184.6 million.
On a per-share basis, the Las Vegas-based company said it had profit of 61 cents. Earnings, adjusted for non-recurring gains, came to 54 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The casino and resort operator posted revenue of $4.18 billion in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $4.22 billion.
