Melco Resorts & Entertainment(MLCO)
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Melco Resorts & Entertainment(MLCO) - 2024 Q2 - Quarterly Report
2024-08-14 10:14
Exhibit 99.1 Melco Announces Unaudited Second Quarter 2024 Earnings MACAU, Aug. 13, 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 second quarter of 2024. Total operating revenues for the second quarter of 2024 were US$1.16 billion, representing an increase of approximately 22% from US$947.9 million for the compa ...
Melco Resorts & Entertainment Ltd. (MLCO.US)2Q24 results inline: Margin slips on higher costs after stepping upreinvestment; EBITDA to trend more inline with GGR ahead; Buy
Goldman Sachs· 2024-08-14 02:56
14 August 2024 | 7:11AM HKT | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|-----------------------------------------------------------------------------------------------------------------------|--------------|---------------|-------------------------------------------------------------------------------------|---------|---------|---------------------------------------------|--------------------| | | | | | | | | | | | | Melco Resorts & Entertainment Ltd. (MLco) | | | | | | | | | | 2 ...
Melco Resorts & Entertainment(MLCO) - 2024 Q2 - Earnings Call Transcript
2024-08-13 19:04
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Q2 2024 Earnings Conference Call August 13, 2024 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Evan Winkler - President Lawrence Ho - Chairman and CEO Geoff Davis - EVP and CFO Conference Call Participants George Choi - Citi Ricardo Chinchilla - Deutsche Bank John DeCree - CBRE Praveen Choudhary - Morgan Stanley Operator Ladies and gentlemen, thank you for participating in the Second Quarter 2024 Earnings Conference Ca ...
Compared to Estimates, Melco (MLCO) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-13 15:02
Melco Resorts (MLCO) reported $1.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 22.3%. EPS of $0.06 for the same period compares to -$0.02 a year ago.The reported revenue represents a surprise of -0.53% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $0.10, the EPS surprise was -40.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...
Melco Resorts (MLCO) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-08-13 14:16
Melco Resorts (MLCO) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this casino company would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%.Over the last four quarters, the company has ...
Melco Announces Unaudited Second Quarter 2024 Earnings
GlobeNewswire News Room· 2024-08-13 12:00
MACAU, Aug. 13, 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 second quarter of 2024. Total operating revenues for the second quarter of 2024 were US$1.16 billion, representing an increase of approximately 22% from US$947.9 million for the comparable period in 2023. The increase in total operating revenues was ...
Unveiling Melco (MLCO) Q2 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-08-08 14:15
In its upcoming report, Melco Resorts (MLCO) is predicted by Wall Street analysts to post quarterly earnings of $0.10 per share, reflecting an increase of 600% compared to the same period last year. Revenues are forecasted to be $1.17 billion, representing a year-over-year increase of 23%. The current level reflects a downward revision of 5.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial ...
Studio City home to UNESCO architecture and design award's most beautiful hotels in the world
Newsfilter· 2024-07-12 08:32
MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's Studio City is home to one of the World's Most Beautiful Hotels according to UNESCO's World Architecture & Design Award, the Prix Versailles. Awarded to W Macau – Studio City located at the cinematically themed resort Studio City, the property joins City of Dreams to become Melco's second integrated resort to garner the accolade. W Macau – Studio City is among 16 recently opened or reopened hotels that have left an extraordinary impri ...
Melco receives most prestigious global award for training
Newsfilter· 2024-06-27 07:59
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry's most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate enterprise-wide success through talent development. The accolade recognizes Melco's "Whole Person Development" philosophy, a holistic system for development and growth. This is the third award Melco has received from ATD. Last y ...
Melco receives most prestigious global award for training
GlobeNewswire News Room· 2024-06-27 07:59
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry’s most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate enterprise-wide success through talent development. The accolade recognizes Melco’s “Whole Person Development” philosophy, a holistic system for development and growth. This is the third award Melco has received from ATD. Last y ...