MGM - MGM Resorts International Beats The Street In Q3 Authorizes New Share Buyback Program | Benzinga
MGM Resorts International (NYSE: MGM) shares are trading higher in Wednesday’s after-hours session after the company reported third-quarter earnings.
What To Know: MGM reported quarterly earnings of 64 cents per share, exceeding the analyst consensus estimate of 49 cents, compared to losses of $1.39 per share in the same period last year.
The company clocked in revenue of $3.97 billion, beating the analyst consensus estimate of $3.87 billion. The figure represents a 16.31% increase over sales of $3.42 billion in the same period last year.
MGM announced a new $2 billion share repurchase program authorized by ...