Melco Announces Unaudited Fourth Quarter 2020 Earnings
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Melco Resorts & Entertainment (MLCO) Tops Q4 EPS by 25c, Revenues Beat
February 25, 2021 8:12 AM ESTMelco Resorts & Entertainment (NASDAQ: MLCO) reported Q4 EPS of ($0.42), $0.25 better than the analyst estimate of ($0.67). Revenue for the quarter came in at $528 million versus the consensus estimate of $502.38 million.
Mr. Lawrence Ho, our Chairman and Chief Executive Officer, commented, COVID-19 and the subsequent travel restrictions continue to have a significant negative impact on our operating and financial performance. Despite these challenges, our integrated resorts experienced a moderate recovery in business levels during the fourth quarter.
While we are encouraged by the recent positive developments, ensuring the safety and well-being of our colleagues,... More
