MGM Stock Recent News
MGM LATEST HEADLINES
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MGM Resorts International (NYSE:MGM) stock is up 1.4% to trade at $43.40 at last check, after Citigroup raised its price target to $68 from $66.50.
MGM Resorts International beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing” for its Las Vegas properties, but the stock continued to suffer from a post-game hangover Wednesday.
MGM Resorts' (MGM) fourth-quarter 2023 results are aided by an increase in revenues at MGM China.
MGM Resorts International (NYSE:MGM) relied on its Chinese operations as a key driver of growth despite its core business on the Las Vegas strip reaching record revenues thanks to the inaugural F1 race in the city. In the fourth quarter, the casino and resort operator posted adjusted earnings per share (EPS) of 92 cents for the three months to December 31, lifting from 69 cents in 2022.
MGM Resorts International, Las Vegas' largest casino operator, reported record full-year and Q4 net revenue for its operations in the city on Tuesday (Feb. 13), a milestone achievement coming on the heels of a cyberattack which has left the hotel and gaming company facing a $100 million loss. On Sept.
MGM Resorts International (MGM) Q4 2023 Earnings Call Transcript
The headline numbers for MGM (MGM) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MGM Resorts (MGM) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.69 per share a year ago.