MGM Shares Dip After Q1 Earnings — Here’s Why

MGM Resorts International (NYSE:MGM) reported mixed first-quarter results after Wednesday’s closing bell, missing analyst earnings estimates. 

Here’s a look at the details inside the report. 

• MGM stock is moving. Watch the price action here.

MGM Q1 Details       

MGM Resorts reported quarterly earnings of 49 cents per share, which missed the analyst consensus estimate of 53 cents, according to Benzinga Pro data. 

Quarterly revenue came in at $4.45 billion, which beat the Street estimate of $4.37 billion.

MGM reported the following first-quarter business highlights:

• Las Vegas Strip Resorts’ quarterly net revenues increased year-over-year for …

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