MGM Resorts (MGM) Misses Q2 EPS by 8c

MGM Resorts (NYSE: MGM) reported Q2 EPS of $0.21, $0.08 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.96 billion.

MGM China operating income of $46 million in both the current and the prior year quarters and Adjusted Property EBITDA of $120 million, up slightly compared to the prior year quarter, primarily as a result of the ramp-up phase of operations at MGM Cotai and lower win percentages for both main floor and VIP table games compared to the prior year quarter;

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

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