Investing.com - Melco Resorts & Entertainment reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Melco Resorts & Entertainment announced earnings per share of $-0.65 on revenue of $212.9M. Analysts polled by Investing.com anticipated EPS of $-0.81 on revenue of $247.61M.
Melco Resorts & Entertainment shares are down 30.37% from the beginning of the year and are trading at $17.07 , down-from-52-week-high.They are under-performing the Nasdaq which is up 29.18% from the start of the year.
Melco Resorts & Entertainment shares gained 1.43% 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 Amazon.com on Thursday, October 29, 2020, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of $17.97 on revenue of $155.06, compared to forecast for EPS of $14.18 on revenue of $155.88B.
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