WASHINGTON (dpa-AFX) - MGM Resorts International (MGM) announced earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $148.55 million, or $0.51 per share. This compares with $217.48 million, or $0.67 per share, last year.
Excluding items, MGM Resorts International reported adjusted earnings of $0.69 per share for the period.
Analysts on average had expected the company to earn $0.46 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.4% to $4.277 billion from $4.383 billion last year.
MGM Resorts International earnings at a glance (GAAP) :
-Earnings: $148.55 Mln. vs. $217.48 Mln. last year. -EPS: $0.51 vs. $0.67 last year. -Revenue: $4.277 Bln vs. $4.383 Bln last year.
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