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Shares of MGM Resorts rise as casino operator reports strong revenue growth
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MGM Resorts reported a fourth-quarter loss of $23 million, or 6 cents a share, from a profit of $1.4 billion, or $2.39 a share, a year earlier. The company said it swung to a loss due to a non-cash tax expense of 17 cents a share in the fourth quarter versus a tax benefit of $2.50 a share in fourth-quarter 2017. Revenue rose 18% to $3.1 billion.
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https://www.marketwatch.com/story/shares...yptr=yahoo
![[Bild: MGMc1dl1707.png]](https://finviz.com/publish/021319/MGMc1dl1707.png)
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MGM Resorts reported a fourth-quarter loss of $23 million, or 6 cents a share, from a profit of $1.4 billion, or $2.39 a share, a year earlier. The company said it swung to a loss due to a non-cash tax expense of 17 cents a share in the fourth quarter versus a tax benefit of $2.50 a share in fourth-quarter 2017. Revenue rose 18% to $3.1 billion.
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https://www.marketwatch.com/story/shares...yptr=yahoo
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