Investing.com - MGM reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MGM announced earnings per share of $0.03 on revenue of $3.26B. Analysts polled by Investing.com anticipated EPS of $0.2672 on revenue of $3.03B.
MGM shares are up 31% from the beginning of the year and are trading at $34.80 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
MGM shares gained 1.75% in after-hours trade after the report.
MGM follows other major Consumer Discretionary sector earnings this month
MGM's report follows an earnings missed by Amazon.com on Thursday, July 28, 2022, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on Wednesday, July 20, 2022 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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