Studio City Intl Hldgs Q4 EPS $(0.10) Up From $(0.43) YoY, Sales $141.25M Up From $4.24M YoY
Portfolio Pulse from totan@benzinga.com
Studio City Intl Hldgs (NYSE:MSC) reported a significant improvement in its Q4 earnings, with losses narrowing to $(0.10) per share from $(0.43) YoY, and sales skyrocketing to $141.25M from $4.24M YoY.
February 29, 2024 | 1:06 pm
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Studio City Intl Hldgs (NYSE:MSC) reported a significant reduction in losses and a massive increase in sales in Q4 compared to the same period last year.
The substantial improvement in both earnings and sales for Studio City Intl Hldgs indicates a strong turnaround for the company. The narrowing of losses and the significant increase in sales are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100