Company Of The Day: MGM Resorts International
What?
MGM Resorts International (NYSE:MGM) posted a better than expected set of Q2 2021 results, with revenue growing by 683% year-over-year to $2.27 billion and adjusted loss per share standing at $0.13, compared to a loss of $1.52 per share in Q2 2020.
Why?
- Will A Macau Recovery Drive MGM Stock Higher Following Q1 Results?
- A Strong Vegas Business And Recovery In Macau Will Drive MGM’s Q2 Results
- What’s Happening With MGM Resorts Stock?
- Up 16% Over The Past Month, What’s Next For MGM Stock?
- With A Strong Vegas Business And A Possible Recovery In Macau, What’s Next For MGM Stock?
- What’s Next For MGM Resorts After A Strong Q2?
Growth was driven by the reopening following Covid-19 and the strong performance of the company’s Las Vegas operations, although this was partly offset by a weaker than expected performance of the MGM China business.
So What?
MGM Resorts stock was down by about -1.8% in after-hours trading Wednesday, likely driven by the weaker performance in China, which is seen as a key growth market for the company.
See Our Complete Analysis For MGM Resorts International
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