MGM Resorts International Beats The Street In Q3, Authorizes New Share Buyback Program
Portfolio Pulse from Ryan Gustafson
MGM Resorts International reported Q3 earnings of 64 cents per share, beating the analyst consensus estimate of 49 cents. The company's revenue was $3.97 billion, surpassing the analyst consensus estimate of $3.87 billion. MGM also announced a new $2 billion share repurchase program. The company's shares were up 1.95% in the after-hours session.
November 08, 2023 | 9:48 pm
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MGM Resorts reported strong Q3 earnings and announced a new share buyback program, which led to a rise in its stock price.
MGM Resorts' strong Q3 earnings and the announcement of a new share buyback program have likely boosted investor confidence, leading to a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100