MGM Resorts' (MGM) Q4 Earnings & Revenues Top Estimates

MGM Resorts International (MGM) reported impressive fourth-quarter 2023 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Both metrics beat the consensus estimate for the fifth consecutive quarter and increased on a year-over-year basis.Despite reporting better-than-expected results, the company’s shares declined 4% during the after-hours trading. This was attributed to the company's disclosure that a significant portion of its revenue was attributed to its Las Vegas resorts, whic ...