Melco Resorts (MLCO) Q3 Earnings and Revenues Miss Estimates
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Melco Resorts (MLCO) reported Q3 earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This is an improvement from a loss of $0.03 per share a year ago.
November 05, 2024 | 3:30 pm
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Melco Resorts reported Q3 earnings of $0.08 per share, missing the expected $0.09. Despite the miss, this is an improvement from last year's loss of $0.03 per share.
The earnings miss is likely to have a negative short-term impact on MLCO's stock price as it failed to meet analyst expectations. However, the improvement from last year's loss may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100