MGM Resorts Intl Q3 2024 Adj EPS $0.54 Misses $0.61 Estimate, Sales $4.20B Miss $4.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International reported Q3 2024 earnings per share of $0.54, missing the analyst estimate of $0.61. Sales were $4.20 billion, slightly below the $4.21 billion estimate, but up 5.71% from last year.
October 30, 2024 | 8:16 pm
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MGM Resorts International's Q3 2024 earnings per share of $0.54 missed the analyst estimate of $0.61, and sales of $4.20 billion were slightly below the $4.21 billion estimate. However, sales increased by 5.71% compared to the same period last year.
MGM's earnings per share and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 5.71% may provide some support.
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IMPORTANCE 80
RELEVANCE 100