MGM Resorts (MGM) Tops Q1 EPS by 19c
Get Alerts MGM Hot Sheet
Price: $42.18 -1.24%
EPS Growth %: +27.3%
Financial Fact:
Property transactions, net: -1.27M
Today's EPS Names:
WF, CWBC, GLTO, More
EPS Growth %: +27.3%
Financial Fact:
Property transactions, net: -1.27M
Today's EPS Names:
WF, CWBC, GLTO, More
Join SI Premium – FREE
MGM Resorts (NYSE: MGM) reported Q1 EPS of $0.33, $0.19 better than the analyst estimate of $0.14. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.4 billion.
- Rooms revenue at wholly owned domestic resorts increased 2% with a 1% increase in REVPAR(1) at the Company's Las Vegas Strip resorts compared to the prior year quarter;
- The Company's wholly owned domestic resorts earned Adjusted Property EBITDA(2) of $390 million, a 3% decrease compared to the prior year quarter, partially due to a decrease in table games hold percentage;
- MGM China's net revenue was $630 million and Adjusted EBITDA was $148 million, a decrease of 33% and 38% compared to the prior year quarter, respectively; and
- CityCenter earned Adjusted EBITDA related to resort operations of $82 million, a 14% decrease compared to the prior year quarter, due primarily to a decrease in table games revenues.
For earnings history and earnings-related data on MGM Resorts (MGM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
- Business First Bancshares, Inc. (BFST) Misses Q1 EPS by 7c
- Northeast Community Bancorp, Inc. (NECB) Tops Q1 EPS by 12c
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!