Melco Resorts & Entertainment (NASDAQ:MLCO) Full Year 2023 Results
Main financial results
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Revenue: USD 3.78 billion (up 180% from 2022).
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Net loss: USD 277.6 million (loss reduced by 70% from FY2022).
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Loss of US$0.63 per share (improved from loss of US$2.01 in fiscal 2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Melco Resorts & Entertainment EPS disappoints
Sales were in line with analyst forecasts. Earnings per share (EPS) were 164% below analyst expectations.
Looking ahead, revenue is expected to increase by an average of 12% per year over the next three years, compared to a growth forecast of 9.5% for the U.S. hospitality industry.
performance of American hospitality industry.
The company's stock price has fallen 17% from a week ago.
risk analysis
You should always think about risk.Good example we found 1 warning sign for Melco Resorts & Entertainment you should know.
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