Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2019 Earnings
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Melco Resorts & Entertainment (MLCO) Misses Q4 EPS by 1c
February 20, 2020 8:20 AM ESTMelco Resorts & Entertainment (NASDAQ: MLCO) reported Q4 EPS of $0.26, $0.01 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.46 billion.
Mr. Lawrence Ho, our Chairman and Chief Executive Officer, commented, During the fourth quarter of 2019, despite macro headwinds and the events in Hong Kong, mass gaming operations at all of Melcos integrated resorts have remained robust, which drove group-wide mass table games revenue to expand approximately 12% year-over-year to an all-time-record-high of US$850 million. Adjusted Property EBITDA for the fiscal year 2019 has also expanded 14% year-over-year to... More
