Melco Announces Unaudited Third Quarter 2020 Earnings
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/28/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
Melco Resorts & Entertainment (MLCO) Tops Q3 EPS by 10c, Revenues Miss
November 5, 2020 8:16 AM ESTMelco Resorts & Entertainment (NASDAQ: MLCO) reported Q3 EPS of ($0.70), $0.10 better than the analyst estimate of ($0.80). Revenue for the quarter came in at $212.9 million versus the consensus estimate of $238.51 million.
Mr. Lawrence Ho, our Chairman and Chief Executive Officer, commented, COVID-19 and the subsequent travel restrictions continue to have a significant negative impact on our operating and financial performance. Despite that, our integrated resorts experienced a moderate recovery in business levels during the third quarter, benefiting from the partial resumption of casino operations in Cyprus and Manila, as well as the gradual resumption of visa... More
