Melco Crown Entertainment Announces Unaudited Results for the Fourth Quarter and Full Year Ended December 31, 2016 and Declares Quarterly Dividend

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Go back to Melco Crown Entertainment Announces Unaudited Results for the Fourth Quarter and Full Year Ended December 31, 2016 and Declares Quarterly Dividend

Aegis Capital Reiterates Buy on Melco Crown Entertainment (MPEL) Following 4Q

February 16, 2017 1:22 PM EST

Aegis Capital reiterated a Buy rating and $23.00 price target on Melco Crown Entertainment (NASDAQ: MPEL) following the company's 4Q earnings report.

Analyst David Bain commented, "This morning, MPEL reported 4Q16 property EBITDA of $304.3m versus Street consensus of $293.3m and our $301.6m. Adjusted for... More

Melco Crown Entertainment (MPEL) Misses Q4 EPS by 4c

February 16, 2017 8:08 AM EST

Melco Crown Entertainment (NASDAQ: MPEL) reported Q4 EPS of $0.09, $0.04 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.16 billion.

Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, We delivered a strong set of results in the fourth quarter of 2016, highlighted by record mass table gross gaming revenues in Macau and a 29% year-on-year increase in group-wide Adjusted property EBITDA.

Our Flagship property in Macau, City of Dreams, generated Adjusted property EBITDA of approximately US$190 million, an increase of... More