Investing.com - MGM reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MGM announced earnings per share of $0.01 on revenue of $2.85B. Analysts polled by Investing.com anticipated EPS of $-0.0859 on revenue of $2.79B.
MGM shares are down 13% from the beginning of the year, still down 17.47% from its 52 week high of $51.17 set on November 8, 2021. They are outperforming the Nasdaq which is down 19.87% from the start of the year.
MGM shares gained 1.16% in after-hours trade following the report.
MGM follows other major Consumer Discretionary sector earnings this month
MGM's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
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