Melco Resorts and Enter Adjusted Q2 EPS $(0.02) Beats $(0.14) Estimate, Sales $947.94M Beat $881.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Melco Resorts and Enter (NASDAQ:MLCO) reported Q2 EPS of $(0.02), beating the analyst consensus estimate of $(0.14) by 87.14%. This is a 96.44% increase over losses from the same period last year. The company also reported quarterly sales of $947.94M, beating the analyst consensus estimate of $881.75M by 7.51%. This is a 220.13% increase over sales from the same period last year.
August 01, 2023 | 1:36 pm
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POSITIVE IMPACT
Melco Resorts and Enter reported better than expected Q2 earnings and sales, which could positively impact the stock.
Melco Resorts and Enter reported Q2 earnings and sales that beat analyst estimates. This is generally seen as positive news and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100