MGM Resorts International, the largest owner of casinos on the Las Vegas Strip, reported second-quarter earnings that beat analysts’ estimates, helped by an increase in gambling in the U.S.
Net income at the world’s largest entertainment company soared 33% to $1.84 billion, or $1.03 a share, from $1.38 billion, or 77 cents, a year earlier.
Walt Disney Co., the world’s largest entertainment company, said costs to market the box-office disappointment “The Lone Ranger” and shrinking revenue at ABC television network held back third-quarter profit.
Walt Disney Co., the world’s largest entertainment company, said fiscal second-quarter profit rose 32%, beating analysts’ estimates as guests splurged at theme parks in California and Florida.
Walt Disney Co., the world’s largest entertainment company, raised its annual dividend by 25%, joining other companies boosting their payouts ahead of an expected tax-rate increase next year.
Walt Disney Co. dropped the most in 15 months after reporting fiscal fourth-quarter sales that missed analysts’ estimates amid declines in film revenue and ABC network advertising.
Walt Disney Co., the world’s largest entertainment company, posted better than expected third-quarter profit, buoyed by the film hit “Marvel’s The Avengers.” Revenue fell short of analysts’ estimates.
