MGM Resorts International (MGM) on Monday reported third-quarter net income of $535.6 million.
The Las Vegas-based company said it had net income of 93 cents per share. Earnings, adjusted for non-recurring gains, came to 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The casino and resort operator posted revenue of $2.52 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.37 billion.
MGM shares have climbed 16 percent since the beginning of the year. The stock has risen 10 percent in the last 12 months.
