MGM Resorts International posted high Q3 earnings as strong US operations outweighed underperforming Macau ones.
Diluted earnings per share for the third quarter of 2015 were $66.4 million, or $0.12 per share, compared to a loss of $20.2 million or $0.04 in the prior year quarter.
Adjusted for pre-opening expenses and property transactions, EPS was $0.15 compared with a loss of $0.02 a year earlier, way higher than expectations for $0.03, according to Capital IQ.
Revenue fell to $2.28 billion from $2.48 billion a year earlier. Revenue from the casino operations was down to $1.18 billion from $1.42 billion. That's slightly short of the $2.29 billion analysts had been looking for.
Source: Asia Gaming Brief
