Market Overview

MGM CEO Jim Murren To Step Down, Withdraws Guidance

MGM CEO Jim Murren To Step Down, Withdraws Guidance

MGM Resorts International (NYSE: MGM) announced on Wednesday afternoon that CEO Jim Murren will step down and the committee is working to replace him.

Murren is to step down from his position as chairman and CEO prior to the expiration of his contract. He has served as CEO of MGM Resorts since 2008 and has been with the company since 1998.

MGM reported fourth-quarter earnings of 8 cents per share, which missed the analyst consensus estimate of 27 cents. The company reported quarterly sales of $3.2 billion, which met the analyst consensus estimate. The company has withdrawn guidance.

MGM shares closed the session higher by 2.9% at $33.66. The stock has a 52-week high of $34.64 and a 52-week low of $23.68.

Related Links:

MGM To Sell Las Vegas Resorts To Joint Venture In $4.6B Deal

Macau Shuts Casinos Amid Coronavirus Outbreak, Hong Kong Reports First Death

Photo via Wikimedia.

Posted-In: Jim MurrenEarnings News Guidance Management After-Hours Center Best of Benzinga


Related Articles (MGM)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at