MGM Resorts Shares Slide After Worse-Than-Expected Q3 Results: Details
Portfolio Pulse from Erica Kollmann
MGM Resorts International reported Q3 earnings that missed analyst expectations, with earnings per share at 54 cents and revenue at $4.2 billion. Despite record net revenues driven by MGM China, shares fell 5.82% after-hours.
October 30, 2024 | 9:50 pm
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MGM Resorts reported Q3 earnings of 54 cents per share, missing the consensus estimate of 61 cents. Revenue was $4.2 billion, slightly below the expected $4.21 billion. Despite record revenues from MGM China, shares fell 5.82% after-hours.
MGM's Q3 earnings and revenue both missed analyst expectations, leading to a 5.82% drop in share price after-hours. The miss on both EPS and revenue, despite record revenues from MGM China, indicates potential investor concern over the company's performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100