UPDATE: MGM Resorts Intl Q2 Adj $0.59 Beats $0.54 Estimate, Sales $3.94B Beat $3.82B Estimate
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts Intl reported Q2 earnings of $0.59 per share, beating the analyst consensus estimate of $0.54 by 9.26%. This is a 1866.67% increase over earnings of $0.03 per share from the same period last year. The company also reported quarterly sales of $3.94 billion, beating the analyst consensus estimate of $3.82 billion by 3.19%. This is a 20.74% increase over sales of $3.27 billion the same period last year.
August 04, 2023 | 12:25 pm
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MGM Resorts Intl's Q2 earnings and sales beat analyst estimates, showing significant YoY increases.
MGM Resorts Intl's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for the stock. The significant YoY increases in both earnings and sales suggest strong operational performance, which could boost investor confidence and drive the stock price up in the short term.
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