MGM Reports Q4 Earnings Beat, Revenue Tops Estimates
LAS VEGAS, NV - MGM Resorts International (MGM) announced fourth-quarter earnings of $157.4 million, or 52 cents per share. Adjusted earnings excluding non-recurring gains reached 45 cents per share, exceeding analysts' estimates of 32 cents per share.
Revenue for the quarter totaled $4.35 billion, surpassing forecasts of $4.28 billion. For the full year, MGM reported net income of $746.6 million ($2.40 per share) and revenue of $17.24 billion.