Melco Resorts and Enter Q4 2023 GAAP EPS $(0.36) vs $0.10 Estimate, Sales $1.09B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Melco Resorts and Enter reported a Q4 2023 GAAP EPS of $(0.36), missing the $0.10 estimate, with sales of $1.09B also missing the $1.13B estimate.
February 29, 2024 | 1:03 pm
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NEGATIVE IMPACT
Melco Resorts and Enter reported a significant miss in both GAAP EPS and sales for Q4 2023.
The reported GAAP EPS of $(0.36) significantly missed the expected $0.10, indicating a substantial underperformance compared to analyst expectations. Additionally, sales falling short of the $1.13B estimate by $40M further emphasizes the company's struggle in Q4 2023. These misses are likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100