Melco Resorts & Entertainment Swings to Q3 Adjusted Earnings as Operating Revenue Rises

MT Newswires Live11-05

Melco Resorts & Entertainment (MLCO) reported Q3 adjusted earnings Tuesday of $0.08 per diluted American depositary share, swinging from a loss of $0.03 a year earlier.

Two analysts polled by Capital IQ expected adjusted earnings of $0.01.

Operating revenue for the quarter ended Sept. 30 was $1.18 billion, up from $1.02 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.16 billion.

Price: 6.74, Change: +0.02, Percent Change: +0.30

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