MGM Resorts International Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - MGM Resorts International (MGM) reported second-quarter net income to company of $105.54 million or $0.21 per share, compared to a loss of $92.96 million or $0.19 per share, a year ago.

The company's current year second-quarter income tax provision was affected by a $31 million benefit resulting from the settlement of the 2005-2009 IRS audits during the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items. Revenues increased to $2.58 billion from $2.48 billion, last year. Analysts expected revenue of $2.57 billion for the quarter.