MGM: Q2 Earnings Snapshot

August 3, 2022 GMT

LAS VEGAS (AP) _ MGM Resorts International (MGM) on Wednesday reported second-quarter net income of $1.78 billion.

On a per-share basis, the Las Vegas-based company said it had net income of $4.20. Earnings, adjusted for non-recurring gains, were 3 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The casino and resort operator posted revenue of $3.26 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $3.03 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGM at https://www.zacks.com/ap/MGM