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MrWhy.com » Videos » MGM Resorts Q1 EPS Slightly Better Than Expected, Revenues I |
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MGM Resorts Q1 EPS Slightly Better Than Expected, Revenues I
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MGM Resorts Q1 EPS Slightly Better Than Expected, Revenues I
MGM Resorts International (NYSE:MGM) reported a Q1 loss of $0.18 per share, slightly better than the consensus estimate for a loss of $0.19 per share. Revenue for the quarter was up 3.2% year-over-year to $1.50 billion, in-line with the consensus estimate.Jim Murren, MGM Resorts International Chairman and CEO said, "Our improved results are broadly based throughout our resort portfolio. Performance at our Las Vegas properties was driven by increased hotel occupancy and room rates. MGM Grand Detroit had another impressive quarter and remains the market leader. Results from joint ventures reflected record quarters at both MGM Macau and CityCenter. Our belief that the Las Vegas recovery is underway is supported by our first quarter operating results and our positive early second quarter trends."
Video Length: 0
Date Found: May 04, 2011
Date Produced: May 04, 2011
View Count: 0
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