MGM Resorts (MGM) Misses Q2 EPS by 2c
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MGM Resorts International Reports Strong Second Quarter Financial And Operating Results
August 4, 2016 8:15 AM EDTLAS VEGAS, Aug. 4, 2016 /PRNewswire/ --Â MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2016.
Key highlights include:
Diluted earnings per share for the second quarter of 2016 was $0.83, including $0.57 related to a gain on CityCenter's sale of The Shops at Crystals ("Crystals"), compared to diluted earnings per share of $0.17 in the prior year quarter; Operating income was $769 million and included a $406 million gain related to the sale of Crystals; Adjusted Property EBITDA surpassed $500 million for the... More