Melco Announces Unaudited First Quarter 2020 Earnings
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Melco Resorts & Entertainment (MLCO) Misses Q1 EPS by 29c, Revenues Beat
May 14, 2020 7:55 AM EDTMelco Resorts & Entertainment (NASDAQ: MLCO) reported Q1 EPS of ($0.72), $0.29 worse than the analyst estimate of ($0.43). Revenue for the quarter came in at $811.18 million versus the consensus estimate of $649.91 million.
Mr. Lawrence Ho, our Chairman and Chief Executive Officer, commented, With COVID-19 posing unprecedented challenges to the tourism industry and integrated resort facilities around the world, I would like to express my sincere gratitude to the PRC and the Macau SAR governments for their proactive response to contain the spread of the virus. I would also like to thank the Macau Chief Executive for... More
