MGM Resorts International Q2 Profit Rises 387%

(RTTNews) - MGM Resorts International (MGM) released earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $474.35 million, or $0.83 per share. This was up from $97.46 million, or $0.17 per share, in last year's second quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $2.27 billion. This was down from $2.39 billion last year.

MGM Resorts International earnings at a glance:

-Earnings (Q2): $474.35 Mln. vs. $97.46 Mln. last year. -Earnings Growth (Y-o-Y): 386.7% -EPS (Q2): $0.83 vs. $0.17 last year. -EPS Growth (Y-o-Y): 388.2% -Analysts Estimate: $0.23 -Revenue (Q2): $2.27 Bln vs. $2.39 Bln last year. -Revenue Change (Y-o-Y): -5.0%