MGM: Q1 Earnings Snapshot

Published May 1, 2023 1:52 PM

LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Monday reported first-quarter profit of $466.8 million.

On a per-share basis, the Las Vegas-based company said it had profit of $1.24. Earnings, adjusted for non-recurring gains, were 44 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The casino and resort operator posted revenue of $3.87 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $3.51 billion.

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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

Article Topic Follows: AP National Business

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