Investing.com - Melco Resorts & Entertainment reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Melco Resorts & Entertainment announced earnings per share of $-0.395 on revenue of $528M. Analysts polled by Investing.com anticipated EPS of $-0.7282 on revenue of $525.1M.
Melco Resorts & Entertainment shares are up 11.86% from the beginning of the year and are trading at $20.75 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.51% 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 Tuesday, February 2, 2021, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.
Alibaba ADR had beat expectations on Tuesday, February 2, 2021 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
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