Investing.com - Melco Resorts & Entertainment reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Melco Resorts & Entertainment announced earnings per share of $-0.24 on revenue of $175.85M. Analysts polled by Investing.com anticipated EPS of $-0.95 on revenue of $187.31M.
Melco Resorts & Entertainment shares are down 19.07% from the beginning of the year and are trading at $19.56 , down-from-52-week-high.They are under-performing the Nasdaq which is up 25.55% from the start of the year.
Melco Resorts & Entertainment follows other major Services sector earnings this month
Melco Resorts & Entertainment's report follows an earnings beat by Amazon.com on Thursday, July 30, 2020, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Alibaba ADR had missed expectations on Thursday with first quarter EPS of $1.85 on revenue of $153.75B, compared to forecast for EPS of $13.82 on revenue of $148.06B.
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