MGM Resorts (MGM) Misses Guidance for First Time in 9 Quarters, Sterne Agee CRT Remain Bullish
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MGM Resorts International Reports First Quarter Financial Results
May 4, 2015 8:15 AM EDTLAS VEGAS, May 4, 2015 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today reported financial results for the quarter ended March 31, 2015.
"I am pleased to report that net income attributable to MGM Resorts increased by 65% and earnings per share increased by $0.13 year over year. MGM Resorts achieved Las Vegas Strip REVPAR growth of 1% over a very robust prior year quarter comparison of 14%. Our regional properties achieved strong EBITDA growth of 10% year over year, while MGM China maintained market share. With the anticipated difficult comparison of the first quarter... More
