MGM Resorts International (MGM) stock surged 8.82% in after-hours trading on Wednesday, following the company's better-than-expected Q4 2024 earnings report. MGM reported adjusted earnings per share of $0.45, beating analyst consensus estimates of $0.30 by 50%. Revenue for the quarter came in at $4.346 billion, slightly above the $4.273 billion expected by Wall Street.
While MGM's Q4 earnings and revenue exceeded forecasts, the results still represented year-over-year declines. Earnings per share dropped 57.55% from $1.06 in the year-ago quarter, and revenue dipped 0.68% compared to Q4 2023. The company reported net income of $157 million for Q4 2024, above estimates of $67.9 million.
MGM's after-hours stock move suggests investors were bullish on the casino operator's earnings beat and revenue upside, even as the numbers showed a slowdown from the prior year. With economic headwinds continuing into 2025, MGM's ability to surpass profitability expectations is seen as a positive sign for the company's outlook.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。