WASHINGTON (dpa-AFX) - MGM Resorts International (MGM) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $157.43 million, or $0.52 per share. This compares with $3131.46 million, or $0.92 per share, last year.
Excluding items, MGM Resorts International reported adjusted earnings of $0.45 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.7% to $4.346 billion from $4.375 billion last year.
MGM Resorts International earnings at a glance (GAAP) :
-Earnings: $157.43 Mln. vs. $3131.46 Mln. last year. -EPS: $0.52 vs. $0.92 last year. -Revenue: $4.346 Bln vs. $4.375 Bln last year.
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