FOR IMMEDIATE RELEASE Melco Announces Unaudited Third Quarter 2024 Earnings Macau, Tuesday, November 5, 2024 – Melco Resorts & Entertainment Limited (Nasdaq: MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the third quarter of 2024. Total operating revenues for the third quarter of 2024 were US$1.18 billion, representing an increase of approximately 16% from US$1.02 billion for the compa ...

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Evan Winkler - President Lawrence Ho - Chairman and CEO Geoffrey Davis - EVP and CFO Conference Call Participants George Choi - Citi John DeCree - CBRE Luis Ricardo Chinchilla - Deutsche Bank Praveen Choudhary - Morgan Stanley Simon Cheung - Goldman Sachs Operator Ladies and Gentlemen, thank you for participating in the Thir ...

Melco Resorts (MLCO) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this casino company would post earnings of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of -40%.Over the last four quarters, the company ...

MACAU, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the third quarter of 2024. Total operating revenues for the third quarter of 2024 were US$1.18 billion, representing an increase of approximately 16% from US$1.02 billion for the comparable period in 2023. The increase in total operating revenues was pri ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and t ...

Melco Resorts (MLCO) closed the last trading session at $7.38, gaining 29.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.66 indicates a 30.9% upside potential.The average comprises seven short-term price targets ranging from a low of $6 to a high of $14, with a standard deviation of $2.67. While the lowest estimate indicates a decline of 18.7% from the current price level, t ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. ...

Melco Resorts & Entertainment Limited (NASDAQ: MLCO ) operates casino resorts with locations in Macau with the City of Dreams, Studio City, Altria, and Mocha Clubs resorts, in Philippines with the City of Dreams Manila resort, and in Cyprus with theI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by unders ...

Macao looks poised to benefit.Shares of gambling company Melco Resorts & Entertainment (MLCO 15.93%) jumped as much as 17% in trading on Thursday after news broke that China's political leadership, known as the Politburo, said it would provide "necessary fiscal spending" to meet 5% GDP growth targets. Investors think that could mean more visits to gambling hub Macao, a special administrative region of China, which would help a still-recovering gambling industry. Melco's shares closed the day up roughly 16%. ...

Melco Resorts & Entertainment Limited (MLCO) reported lower-than-expected second-quarter 2024 results with earnings and revenues missing the Zacks Consensus Estimate but increasing on a year-over-year basis.The quarterly performance was backed by increased revenue contributions from casino, rooms and food and beverage. This was partially offset by soft contributions from entertainment, retail and other operations.Furthermore, improved performance in the mass market segment and non-gaming operations, led by ...