MGM Resorts International Q3 Profit Increases, But Misses Estimates

MGM Resorts International

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(RTTNews) - MGM Resorts International (MGM) revealed earnings for its third quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $184.58 million, or $0.61 per share. This compares with $161.12 million, or $0.46 per share, in last year's third quarter.

Excluding items, MGM Resorts International reported adjusted earnings of $0.54 per share for the period.

Analysts on average had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.3% to $4.183 billion from $3.973 billion last year.

MGM Resorts International earnings at a glance (GAAP) :

-Earnings (Q3): $184.58 Mln. vs. $161.12 Mln. last year. -EPS (Q3): $0.61 vs. $0.46 last year. -Revenue (Q3): $4.183 Bln vs. $3.973 Bln last year.