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MGM: Q2 Earnings Snapshot
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LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Wednesday reported second-quarter profit of $292.4 million.

The Las Vegas-based company said it had profit of $1.11 per share. Earnings, adjusted for one-time gains and costs, were 59 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The casino and resort operator posted revenue of $4.45 billion in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $4.43 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGM at https://www.zacks.com/ap/MGM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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