Advertisement
UK markets close in 4 hours 1 minute

  • FTSE 100

    8,091.17
    +50.79 (+0.63%)
     

  • FTSE 250

    19,707.33
    -12.04 (-0.06%)
     

  • AIM

    754.89
    +0.20 (+0.03%)
     

  • GBP/EUR

    1.1663
    +0.0018 (+0.15%)
     

  • GBP/USD

    1.2514
    +0.0052 (+0.42%)
     

  • Bitcoin GBP

    51,008.18
    -2,172.88 (-4.09%)
     

  • CMC Crypto 200

    1,353.09
    -29.48 (-2.13%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.97
    +0.16 (+0.19%)
     

  • GOLD FUTURES

    2,342.20
    +3.80 (+0.16%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,950.28
    -138.42 (-0.77%)
     

  • CAC 40

    8,016.31
    -75.55 (-0.93%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Why MGM Resorts Stock Jumped After Earnings

Travis Hoium, The Motley Fool
·1-min read

Shares of casino stock MGM Resorts (NYSE: MGM) jumped as much as 5.6% in trading on Thursday after the company reported second-quarter financial results. Revenue jumped 44% versus a year ago to $3.3 billion, and net income was $1.8 billion after a gain related to the deconsolidation of MGM Growth Properties. Adjusted earnings per share were $0.03, and adjusted earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR), which is a proxy for cash flow from resorts, was $920 million.

Continue reading