MGM Resorts Intl Q4 EPS $1.06 Beats $0.71 Estimate, Sales $4.38B Beat $4.14B Estimate
Portfolio Pulse from Happy Mohamed
MGM Resorts International (NYSE:MGM) reported Q4 earnings of $1.06 per share, surpassing the $0.71 estimate, marking a 169.28% increase from last year's losses. Sales reached $4.38B, exceeding the $4.14B estimate, a 21.81% increase from the previous year.
February 13, 2024 | 9:16 pm
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MGM Resorts International reported a significant beat on both earnings and sales estimates for Q4, with a substantial year-over-year growth.
MGM Resorts International's Q4 earnings and sales not only surpassed analyst expectations but also showed remarkable growth from the previous year. This performance could positively influence investor sentiment and potentially lead to a short-term uptick in MGM's stock price, given the significant beat on both top and bottom lines.
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IMPORTANCE 90
RELEVANCE 100