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Benzinga
Benzinga
Business
Adam Eckert

Why MGM Resorts Stock Is Climbing After Hours

MGM MGM Resorts International NYSE

MGM Resorts International (NYSE:MGM) shares are trading higher during Monday's after-hours session after the company announced better-than-expected financial results.

MGM said first-quarter revenue increased 73% year-over-year to $2.9 billion, which beat the $2.78 billion estimate, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 1 cent per share, which beat the estimate for a loss of 7 cents per share. 

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