MGM Resorts (MGM) Chairman and CEO Jim Murren to Step Down
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MGM Resorts (MGM) Misses Q4 EPS by 18c
February 12, 2020 4:59 PM ESTMGM Resorts (NYSE: MGM) reported Q4 EPS of $0.08, $0.18 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $3.185 billion versus the consensus estimate of $3.19 billion.
Fourth Quarter 2019 Financial Highlights:
Consolidated Results
Consolidated net revenues increased 4% compared to the prior year quarter to $3.2 billion;Consolidated operating income increased to $3.0 billion compared to $336 million in the prior year quarter. The current year quarter included a $2.7 billion gain related to the Bellagio real estate transaction;Net income attributable to MGM Resorts of $2.0 billion, including the $2.7 billion gain... More