Investing.com - Melco Resorts & Entertainment reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Melco Resorts & Entertainment announced earnings per share of $-0.53 on revenue of $241.8M. Analysts polled by Investing.com anticipated EPS of $-0.54 on revenue of $313.15M.
Melco Resorts & Entertainment shares are down 24.15% from the beginning of the year, still down 54.03% from its 52 week high of $12.40 set on November 16, 2021.
Melco Resorts & Entertainment shares lost 0.53% in pre-market trade following the report.
Melco Resorts & Entertainment follows other major Consumer Discretionary sector earnings this month
Melco Resorts & Entertainment's report follows an earnings beat by Amazon.com on October 27, 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 October 19 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar