MGM: Q1 Earnings Snapshot

LAS VEGAS (AP) _ MGM Resorts International (MGM) on Monday reported a loss of $18 million in its first quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of 6 cents. Earnings, adjusted for non-recurring costs, were 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The casino and resort operator posted revenue of $2.85 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.75 billion.

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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