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MGM Resorts Q4 Earnings Dip but Surpass Expectations

MGM Resorts reports a decrease in Q4 earnings yet beats estimates. The company shows resilience, which may positively influence investor confidence despite the decline.

Date: 
AI Rating:   6
Earnings Per Share (EPS)
MGM Resorts International reported an EPS of $0.52 for the fourth quarter compared to $0.92 in the same quarter last year. Although this shows a decrease, it exceeds the analysts' expectation of $0.34 per share, indicating that the company performed better than market predictions.

Revenue Growth
The company's revenue for the fourth quarter fell slightly by 0.7%, from $4.375 billion last year to $4.346 billion this year. This contraction in revenue could be seen as a concerning trend for investors but is relatively minor.

Overall, while MGM Resorts is facing a decline in earnings and revenue compared to last year, the fact that it surpassed analysts' expectations may help to alleviate some investor concerns. The positive results against estimates could maintain investor interest and potentially stabilize stock prices in the short term.