LAS VEGAS (AP) – MGM Resorts International (MGM) on Thursday reported second-quarter net income of $210.6 million.
The Las Vegas-based company said it had profit of 36 cents per share. Earnings, adjusted for non-recurring gains, came to 31 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The casino and resort operator posted revenue of $2.87 billion in the period. Its adjusted revenue was $2.64 billion, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.66 billion.
MGM shares have increased 17 percent since the beginning of the year. The stock has climbed 41 percent in the last 12 months.
Copyright 2017 Associated Press.
