Investing.com - MGM reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MGM announced earnings per share of $0.03 on revenue of $2.71B. Analysts polled by Investing.com anticipated EPS of $-0.062 on revenue of $2.44B.
MGM shares are up 54% from the beginning of the year and are trading at $50.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 24.08% from the start of the year.
MGM shares gained 2.56% in after-hours trade after the report.
MGM follows other major Services sector earnings this month
MGM's report follows an earnings missed by Amazon.com on Thursday, October 28, 2021, who reported EPS of $6.12 on revenue of $110.81B, compared to forecasts EPS of $8.9 on revenue of $111.55B.
Visa A had beat expectations on Tuesday, October 26, 2021 with fourth quarter EPS of $1.62 on revenue of $6.56B, compared to forecast for EPS of $1.55 on revenue of $6.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar