MGM Resorts (MGM) Reports Q1 EPS of 12c
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Price: $42.71 -0.33%
Revenue Growth %: +8.5%
Financial Fact:
Reimbursed costs: 99.32M
Today's EPS Names:
NLY, CP, RUSHA, More
Revenue Growth %: +8.5%
Financial Fact:
Reimbursed costs: 99.32M
Today's EPS Names:
NLY, CP, RUSHA, More
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MGM Resorts (NYSE: MGM) reported Q1 EPS of $0.12, may not compare to the analyst estimate of $0.11. Revenue for the quarter came in at $2.38 billion versus the consensus estimate of $2.28 billion.
MGM China
Key first quarter results for MGM China include:
- Net revenue of $469 million, a 26% decrease compared to the prior year quarter;
- Main floor table games revenue decreased 8% compared to the prior year quarter;
- VIP table games revenue decreased 41% due to a decrease in turnover of 34% compared to the prior year quarter, and hold percentage decreased to 3.0% in the current year quarter, compared to 3.3% in the prior year quarter;
- Adjusted EBITDA of $114 million, a 23% decrease compared to the prior year quarter, including $8 million of license fee expense in the current year quarter and $11 million in the prior year quarter;
- Adjusted EBITDA margin increased by 77 basis points compared to the prior year quarter to 24% as a result of an increase in main floor table games mix and continuous efforts to reduce costs; and
- Operating income of $47 million, compared to operating income of $72 million in the prior year quarter.
For earnings history and earnings-related data on MGM Resorts (MGM) click here.
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