Melco Resorts & Entertainment Limited (NASDAQ:MLCO) is expected to report second quarter earnings results, before market open, on Thursday 20th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.85 per share.
Looking ahead, the full year loss are expected at $ 1.77 per share on the revenues of $ 2973.50 million.
Previous Quarter Performance
Melco Resorts & Entertainment Limited disclosed loss for the first quarter of $ 0.76 per share, from the revenue of $ 811.17 million. The quarterly earnings decreased 44.52 percent compared with the same quarter last year. Wall street analysts are predicting, MLCO to report 1Q20 loss of $ 0.43 per share from revenue of $ 649.91 million. The bottom line results missed street analysts by $ 0.33 or 76.74 percent, at the same time, top line results outshined analysts by $ 161.26 million or 24.81 percent.
Stock Performance
According to the previous trading day, closing price of MLCO was $ 19.02, representing a 75.95 % increase from the 52 week low of $ 10.81 and a 24.58 % decrease over the 52 week high of $ 25.22.
The company has a market capital of $ 8.75 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
Conference Call
Melco Resorts & Entertainment Limited will be hosting a conference call at 8:30 AM eastern time on 20th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1 844 760 0770 Toll Free or 1 347 549 4094 Outside U.S., with passcode : 7753658 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/jfj2xa6a
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has approximately 476 gaming tables and approximately 724 gaming machines; approximately 2,170 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 25 restaurants and bars, approximately 165 retail outlets; and health and fitness clubs, 3 swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 104 gaming tables and 129 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge.
