MGM Resorts Fourth-Quarter Loss Narrows as Results at Macau Casino Improve
MGM Resorts Edges Closer to Profit, But Casino Revenue Slips
The company posted a net loss of $139 million, or 29 cents a share, compared with a loss of $434 million, or 98 cents a share, in the same quarter last year. Excluding one-time items, the company lost 20 cents a share, just ahead of average analyst estimates polled by Thomson Reuters of a 22-cent loss.
MGM has struggled in recent quarters to turn a profit.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment