MGM Resorts International (MGM) has announced its second-quarter earnings, surpassing Wall Street expectations.
The company reported net earnings of $187.072 million, or $0.60 per share, compared to $200.796 million, or $0.55 per share, during the same period last year.
On an adjusted basis, which excludes special items, MGM Resorts International's earnings were $0.86 per share for the quarter.
Analysts, on average, had projected earnings of $0.61 per share, as per Thomson Reuters data, which typically does not include special items.
Quarterly revenue saw a substantial increase of 9.8%, amounting to $4.327 billion, up from $3.942 billion in the previous year.
Summary of MGM Resorts International's Q2 earnings (GAAP):
- Net Earnings: $187.072 million, compared to $200.796 million last year.
- Earnings Per Share (EPS): $0.60, up from $0.55 last year.
- Revenue: $4.327 billion, an increase from $3.942 billion last year.
