Investing.com - Melco Resorts & Entertainment reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Melco Resorts & Entertainment announced earnings per share of $-0.35 on revenue of $566.4M. Analysts polled by Investing.com anticipated EPS of $-0.3516 on revenue of $594.49M.
Melco Resorts & Entertainment shares are up 56.35% from the beginning of the year and are trading at $13.92 , down-from-52-week-high.They are outperforming the Nifty 50 which is up 12.62% from the start of the year.
Melco Resorts & Entertainment shares lost 1.28% in pre-market trade the report.
Melco Resorts & Entertainment follows other major Services sector earnings this month
Melco Resorts & Entertainment's report follows an earnings beat by Crown Castle on Wednesday, July 21, 2021, who reported EPS of $0.77 on revenue of $1.58B, compared to forecasts EPS of $0.6896 on revenue of $1.56B.
Wal Mart de Mexico ADR had beat expectations on Thursday with second quarter EPS of $0.2777 on revenue of $8.66B, compared to forecast for EPS of $0.2655 on revenue of $8.7B.
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