Melco Announces Unaudited First Quarter 2021 Earnings
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Melco Resorts & Entertainment (MLCO) Misses Q1 EPS by 13c, Revenues Miss
April 28, 2021 8:24 AM EDTMelco Resorts & Entertainment (NASDAQ: MLCO) reported Q1 EPS of ($0.49), $0.13 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $518.92 million versus the consensus estimate of $591.26 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 these challenges, our integrated resorts experienced a moderate recovery in business levels during the first quarter.
We commend the Macau governments measured approach to reopening the border and schemes to boost the... More
