MGM Resorts International Reports Second Quarter Financial And Operating Results
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MGM Resorts (MGM) Misses Q2 EPS by 2c
July 25, 2019 4:45 PM EDTMGM Resorts (NYSE: MGM) reported Q2 EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $3.22 billion versus the consensus estimate of $3.22 billion.
Consolidated net revenues increased 13% compared to the prior year quarter to $3.2 billion;Consolidated operating income increased 2% compared to the prior year quarter to $371 million. The current quarter included $43 million in restructuring costs directly related to the operating model component of the MGM 2020 Plan;Net income attributable to MGM Resorts of $43 million, compared to net income attributable to MGM Resorts of $124... More