Mgm: Q1 Earnings Snapshot

LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Wednesday reported first-quarter net income of $217.5 million.

On a per-share basis, the Las Vegas-based company said it had profit of 67 cents. Earnings, adjusted for non-recurring costs, came to 74 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The casino and resort operator posted revenue of $4.38 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $4.18 billion.

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