LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Wednesday reported second-quarter profit of $49 million.
The Las Vegas-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs, came to 79 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The casino and resort operator posted revenue of $4.4 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $4.3 billion.
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