MGM tops but shares drop

August 5, 2014

Despite a Q2 earnings beat, the casino company fell 2.2% to 25.88. MGM Resorts Int'l (MGM) reported weakness in Macau and sales for its MGM China majority-owned unit dipping 1% to $828 mil. EPS grew 15% to 70 cents, beating by 3 cents. Revenue rose 4% to $2.58 bil, also topping. The company's U.S. resorts revenue grew 6% to $1.64 bil.