MGM Resorts International Reports Second Quarter Financial And Operating Results

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MGM Resorts (MGM) PT Raised to $36 at Deutsche Bank

July 28, 2017 7:14 AM EDT

Deutsche Bank raised its price target on MGM Resorts (NYSE: MGM) to $36.00 (from $34.00) while maintaining a Buy rating as the company did a solid job navigating through a difficult operating environment in the 2Q17.

"While we think risks exist in LV, lowering RevPAR... More

UPDATE: MGM Resorts (MGM) Reports Q2 EPS of 36c

July 27, 2017 8:41 AM EDT

(Updated - July 27, 2017 8:44 AM EDT)

MGM Resorts (NYSE: MGM) reported Q2 EPS of $0.36, may not compare to the analyst estimate of $0.30. Revenue for the quarter came in at $2.64 billion versus the consensus estimate of $2.67 billion.

Diluted earnings per share for the second quarter of 2017 of $0.36, including a benefit of $0.04 related to a Borgata property tax settlement and a benefit of $0.05 from a modification of the 2016 NV Energy exit... More