Melco Resorts and Enter Q2 Sales $1.16B Miss $1.161B Estimate, EPADS $0.049
Portfolio Pulse from Benzinga Newsdesk
Melco Resorts and Enter (NASDAQ:MLCO) reported Q2 sales of $1.160 billion, slightly missing the analyst estimate of $1.161 billion. Despite the miss, sales increased by 22.37% compared to the same period last year.
August 13, 2024 | 12:01 pm
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Melco Resorts and Enter (NASDAQ:MLCO) reported Q2 sales of $1.160 billion, missing the analyst estimate by a small margin. However, sales increased by 22.37% year-over-year.
The slight miss on the sales estimate is offset by a significant year-over-year increase in sales. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100