Melco Crown Entertainment Announces Unaudited First Quarter 2015 Earnings
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Sterne Agee CRT Reit Buy on Melco Crown Entertainment (MPEL) Following Overall Strong 1Q
May 8, 2015 9:32 AM EDTSterne Agee CRT maintains a Buy rating on Melco Crown Entertainment Ltd. (NASDAQ: MPEL), and lowered the target price to $29 (from $34) based on low viability for Macau Studio City. An April mass win for MPEL marked the highest market share result in recent history. Revenue... More
Melco Crown (MPEL) Q1 Miss 'Acceptable', Brean Capital Says; PT Lowered to $28
May 8, 2015 8:02 AM EDTBrean Capital analyst Bryan Maher lowered his price target on Melco Crown Enter. (NASDAQ: MPEL) to $28.00 (from $31.00) following the Q1 results but maintained his Buy rating calling the miss "acceptable" at is could have been much worse.
Melco Crown commented, "Given the sharp 36.6% decline in total market GGR in... More
Melco Crown (MPEL) Misses Q1 EPS by 8c
May 7, 2015 9:10 AM EDTMelco Crown (NASDAQ: MPEL) reported Q1 EPS of $0.11, $0.08 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.08 billion.
For earnings history and earnings-related data on Melco Crown (MPEL) click here.
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