LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Wednesday reported fourth-quarter net income of $284 million.
The Las Vegas-based company said it had profit of 69 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.60 per share.
The casino and resort operator posted revenue of $3.59 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.35 billion.
For the year, the company reported profit of $1.47 billion, or $3.49 per share. Revenue was reported as $13.13 billion.
_____
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
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
