LAS VEGAS (AP) — MGM Resorts International on Tuesday reported fourth-quarter net income of $1.4 billion.
The Las Vegas-based company said it had a profit of $2.42 per share. Earnings, adjusted for pretax gains, were less than 1 cent on a per-share basis.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
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The casino and resort operator posted revenue of $2.6 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.5 billion.
MGM shares have climbed 3 percent since the beginning of the year. The stock has climbed 30 percent in the last 12 months.