MGM Resorts (MGM) Q4 Revenue Tops Views

MGM Resorts (NYSE: MGM) reported Q4 EPS of $2.42, does not compare to the analyst estimate of $0.08. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.51 billion.

• Diluted earnings per share for the fourth quarter of $2.42, including a non-recurring, non-cash income tax benefit of $2.52 due to enactment of U.S. Tax Reform at the end of 2017, compared to diluted earnings per share of $0.04 in the prior year quarter;

MGM China operating income of $43 million compared to $72 million in the prior year quarter, and Adjusted EBITDA of $147 million, a 7% increase compared to the prior year quarter; and a 25% increase compared to the third quarter of 2017.

For earnings history and earnings-related data on MGM Resorts (MGM) click here.

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