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MGM Resorts International Q1 adjusted earnings Miss Estimates

MGM Resorts International (MGM) revealed earnings for its first quarter that rose from last year.

The company's profit totaled $806.87 million, or $1.64 per share. This compares with $31.30 million, or $0.05 per share, in last year's first quarter.

Analysts had expected the company to earn -$0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 29.2% to $2.25 billion from $3.18 billion last year.

MGM Resorts International earnings at a glance:

-EPS (Q1): -$0.45 vs. $0.14 last year.
-Analysts Estimate: -$0.32
-Revenue (Q1): $2.25 Bln vs. $3.18 Bln last year.

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