MGM: Q4 Financial Results Overview
MGM Resorts International Surpasses Earnings Expectations
MGM Resorts International, headquartered in Las Vegas, announced on Thursday that it achieved a net profit of $293.6 million for the fourth quarter.
The company reported earnings of $1.11 per share, with adjusted earnings—excluding special items—reaching $1.60 per share.
These figures outperformed analysts’ predictions. According to Zacks Investment Research, the consensus estimate from seven analysts was 64 cents per share.
Additionally, MGM Resorts generated $4.61 billion in revenue during the quarter, surpassing the $4.44 billion forecasted by six analysts surveyed by Zacks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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