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Melco Resorts (MLCO) Q2 Earnings and Revenues Surpass Estimates

Melco Resorts (MLCO) came out with quarterly earnings of 0.23pershare,beatingtheZacksConsensusEstimateof0.23 per share, beating the Zacks Consensus Estimate of 0.09 per share. This compares to earnings of 0.06pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof+155.560.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +155.56%. A quarter ago, it was expected that this casino company would post a loss of 0.01 per share when it actually produced earnings of $0.12, delivering a surprise of +1300%.Over the last four quarters, the com ...