International edition
September 30, 2020

Net revenue fell to us$ 1.88 billion from us$ 1.93 billion in the same period a year ago

MGM Mirage first quarter ongoing EPS, net revenue fall shy of expectations

(US).- MGM Mirage reported first-quarter net income from continuing operations of us$ 118.3 million, or 40 cents a share, compared with the mean estimate of analysts surveyed by Thomson Reuters of 43 cents a share.

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et revenue fell to us$ 1.88 billion from us$ 1.93 billion in the same period a year ago, vs. analyst forecasts of us$ 1.9 billion, as declines in casino, rooms food and beverage and retail revenue offset increases in entertainment and other revenue.

Revenue per available room fell to us$ 155 from last year’s us$ 162, and the average daily rate declined to us$ 165 from us$ 169. The Las Vegas-based casino operator’s stock closed Monday at us$ 48.62.

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