Investing.com - Melco Resorts & Entertainment reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Melco Resorts & Entertainment announced earnings per share of $-0.34 on revenue of $480.6M. Analysts polled by Investing.com anticipated EPS of $-0.5688 on revenue of $576.8M.
Melco Resorts & Entertainment shares are down 5.01% from the beginning of the year, still down 59.08% from its 52 week high of $23.63 set on March 3, 2021. They are outperforming the Nasdaq which is down 12.27% from the start of the year.
Melco Resorts & Entertainment shares lost 3.49% in intra-day 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 February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Home Depot had beat expectations on February 22 with fourth quarter EPS of $3.21 on revenue of $35.72B, compared to forecast for EPS of $3.18 on revenue of $34.88B.
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