Three of the four big gaming companies have so far reported their earnings. Of them, two have reported better-than-expected results, and one missed estimates. The results come in the wake of improved conditions in the Macau region.
Already Reported
- Las Vegas Sands Corp. LVS reported adjusted EPS of $0.72 on sales of $2.97 billion. Both came in above the estimates.
- Wynn Resorts, Limited WYNN revealed adjusted EPS of $0.75 on revenue of $1.1 billion. Both EPS and sales missed estimates.
- Melco Crown Entertainment Ltd (ADR) MPEL reported EPS of $0.13/ADS on revenue of $1.153 billion. Both topped estimates.
Still To Report
- MGM Resorts International MGM is scheduled to report its results on November 7. Analysts expect EPS of $0.11 on revenue of $2.38 billion.
At Last Check
- Las Vegas Sands was up 5.22 percent at $59.70.
- Melco Crown was up 1.41 percent at $17.92.
- MGM was up 1.61 percent at $26.18.
- Wynn Resorts Was up 0.63 percent at $88.08.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: EarningsNewsPreviewsTopicsTravelMoversTrading IdeasGeneralcasinosChinagaminggaming industrymacaoMacau
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