financetom
Business
financetom
/
Business
/
Melco Resorts & Entertainment Swings to Q4 Adjusted Loss, Revenue Increases
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Melco Resorts & Entertainment Swings to Q4 Adjusted Loss, Revenue Increases
Feb 27, 2025 6:25 AM

08:58 AM EST, 02/27/2025 (MT Newswires) -- Melco Resorts & Entertainment ( MLCO ) reported a Q4 adjusted net loss of $0.005 per diluted American depositary share, swinging from earnings of $0.015 a year earlier.

Analysts polled by FactSet expected earnings of $0.06.

Revenue for the quarter ended Dec. 31 was $1.19 billion, up from $1.09 billion a year earlier.

Analysts surveyed by FactSet expected $1.18 billion.

Melco Resorts also said it is considering potential strategic alternatives for City of Dreams Manila in the Philippines.

Shares of the casino, resort, and entertainment company were down more than 3% in recent premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Law firm Paul Weiss defends deal with Trump as lawyers sound alarm
Law firm Paul Weiss defends deal with Trump as lawyers sound alarm
Mar 21, 2025
NEW YORK (Reuters) -Powerful Wall Street law firm Paul Weiss faced heavy criticism on Friday over a deal it struck with the White House to escape an executive order imperiling its business, even as some lawyers said the firm faced few other options. Lawyers at some companies and law firms skewered Paul Weiss online for capitulating to U.S. Republican President...
UK's Heathrow airport says it is open and fully operational
UK's Heathrow airport says it is open and fully operational
Mar 21, 2025
March 22 (Reuters) - Britain's Heathrow Airport said on Saturday it is open and fully operational, a day after a fire knocked out its power supply and shut Europe's busiest airport, causing global travel chaos. ...
Voice of America employees sue Trump administration over shuttered news outlets
Voice of America employees sue Trump administration over shuttered news outlets
Mar 21, 2025
NEW YORK (Reuters) -Voice of America journalists and their unions sued the Trump administration on Friday, saying that the shutdown of U.S.-funded news agencies violated the workers' First Amendment right to free speech. The U.S. Agency for Global Media, its acting director Victor Morales, and Special Adviser Kari Lake placed over 1,300 employees on leave and cut funding for several...
Canada aims for free internal trade that can offset any US tariffs, Carney says
Canada aims for free internal trade that can offset any US tariffs, Carney says
Mar 21, 2025
TORONTO (Reuters) -Prime Minister Mark Carney on Friday said Canada could offset the effects of any U.S. tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after meeting provincial and territorial leaders. We are committing to table legislation by the 1st of July for goods to travel across the country......
Copyright 2023-2026 - www.financetom.com All Rights Reserved