MGM Resorts' Q4 EPS Outpaces Estimates

The gambling and resort giant delivered a strong quarterly earnings beat driven by growth in its online and regional segments, despite headwinds in Las Vegas.MGM Resorts International (MGM 0.29%), a leading global hospitality and entertainment company, released its fourth-quarter results on Feb. 12. Significantly, its adjusted EPS came in at $0.45, surpassing expectations of $0.32, as revenues of $4.35 billion exceeded the expected $4.27 billion. However, net income decreased to $157 million from $313 milli ...