Investing.com - MGM reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MGM announced earnings per share of $0.12 on revenue of $3.06B. Analysts polled by Investing.com anticipated EPS of $0.0013 on revenue of $2.77B.
MGM shares are down 4% from the beginning of the year and are trading at $49.50 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 3.77% from the start of the year.
MGM shares gained 2.02% in after-hours trade after the report.
MGM follows other major Consumer Discretionary sector earnings this month
MGM's report follows an earnings beat by Amazon.com on Thursday, February 3, 2022, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Tesla had beat expectations on Wednesday, January 26, 2022 with fourth quarter EPS of $2.54 on revenue of $17.72B, compared to forecast for EPS of $2.36 on revenue of $17.13B.
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