
MGM Resorts International (NYSE:MGM) shares are trading lower Tuesday after the company announced financial results.
MGM said first-quarter revenue increased 73% year-over-year to $2.9 billion, which beat the $2.78 billion estimate. The company reported quarterly adjusted earnings of 1 cent per share, which beat the estimate for a loss of 7 cents per share, according to data from Benzinga Pro.