Investing.com - MGM reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MGM announced earnings per share of $-1.39 on revenue of $3.4B. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $3.23B.
MGM shares are up 17.79% from the beginning of the year and are trading at $33.01 , down-from-52-week-high.
MGM shares lost 5.87% in after-hours trade the report.
MGM follows other major Consumer Discretionary sector earnings this month
MGM's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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