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VOL. 133 | NO. 38 | Wednesday, February 21, 2018

MGM Misses Q4 Profit Forecasts

The Associated Press

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LAS VEGAS (AP) – MGM Resorts International on Tuesday reported fourth-quarter net income of $1.4 billion.

The Las Vegas-based company, whose holdings include Gold Strike Casino Resort in Tunica, said it had a profit of $2.42 per share. Earnings, adjusted for pretax gains, were less than 1 cent on a per-share basis.

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The casino and resort operator posted revenue of $2.6 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.5 billion.

MGM shares have climbed 3 percent since the beginning of the year. The stock has climbed 30 percent in the last 12 months.

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This story was generated by Automated Insights (automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGM at www.zacks.com/ap/MGM

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 321 2,586
MORTGAGES 90 426 3,033
FORECLOSURE NOTICES 0 37 527
BUILDING PERMITS 153 796 6,864
BANKRUPTCIES 37 213 2,000
BUSINESS LICENSES 22 152 1,311
UTILITY CONNECTIONS 23 100 730
MARRIAGE LICENSES 15 58 432