MGM Resorts International (MGM) on Monday reported third-quarter net income of $535.6 million.
The Las Vegas-based company said it had net income of 93 cents per share. Earnings, adjusted for non-recurring gains, came to 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The casino and resort operator posted revenue of $2.52 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.37 billion.
MGM shares have climbed 16 percent since the beginning of the year. The stock has risen 10 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGM at https://www.zacks.com/ap/MGM
Keywords: MGM Resorts, Earnings Report