|Bid||11.37 x 800|
|Ask||11.38 x 900|
|Day's range||10.59 - 11.52|
|52-week range||4.70 - 14.46|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||N/A|
|Earnings date||16 Aug 2023 - 21 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Feb 2020|
|1y target est||15.22|
Melco (MLCO) delivered earnings and revenue surprises of 60% and 0.48%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Melco (MLCO) delivered earnings and revenue surprises of 15% and 3.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Shares of Melco Resorts (NASDAQ: MLCO) are 76% off their all-time high despite a massive bounce the last few weeks. Few companies have been affected by the pandemic more than Melco Resorts, which relies on the Chinese administrative region of Macao for the majority of its revenue. Restrictions in China have extended to Macao both on a policy level and from dramatically reduced travel out of China.
With its share price up 3% year to date, Melco Resorts (NASDAQ: MLCO) has dramatically outperformed the S&P 500 index, which has fallen 20% over the period. Let's explore why regulatory uncertainty in China and weak financials could cause the casino operator to underperform over the long term. What is Melco Resorts?
Melco (MLCO) delivered earnings and revenue surprises of 7.14% and 20.91%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live anchors break down how casino stocks are trading on Monday morning.
Investors were delighted to learn that an important source of revenue could be on its way to returning.
Melco (MLCO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
The Hong Kong-based casino operator got some promising news on Monday, but economic headwinds produced another down day.
Melco Resorts & Entertainment (NASDAQ: MLCO), the casino resort operator whose stock has really taken it on the chin this year, had an uncharacteristically excellent day on Thursday. An article published that day on regional casino industry website Inside Asian Gaming reported that the number of visitors to Macao grew by over 43% week over week in the Aug. 18 to Aug. 24 stretch. The article cited data from the casino-heavy enclave's Public Security Police Force as the source of that figure.
Melco Resorts & Entertainment's (MLCO) second-quarter 2022 results were hurt by COVID-related restrictions in Macau as well as mainland China.
Melco (MLCO) delivered earnings and revenue surprises of 1.92% and 22.79%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Macao was one of the first areas in the world to be hit by COVID-19 lockdowns, and two and a half years later, it hasn't come close to recovering.
Local authorities imposed the first full lockdown in over two years on a casino resort in the Macao enclave.
Investors came into Tuesday's trading session on Wall Street in a good mood, but they certainly didn't leave feeling the same way. All three had been up even further earlier in the day, before the broader market sell-off took hold.
Shares of Melco Resorts (NASDAQ: MLCO) jumped as much as 13.5% in trading on Tuesday after China announced it was reducing some COVID-19 restrictions. China's strict COVID-19 restrictions are starting to ease in some of the country's largest cities, and that's seen as a good thing for gambling stocks in Macao. Case numbers in Shanghai have fallen, and restrictions on dining and school have been reduced, so it's possible that travel will open up to Macao relatively soon.