Melco Crown Entertainment is a holding company which, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities focused on the Macau market.
http://finance.yahoo.com/news/Melco-Crown-Entertainment-wscheats-3167059925.html?x=0&l=1
Melco Crown Entertainment Earnings Cheat Sheet for the Third Quarter
Results: Net income for the resort and casino company rose to $113.3 million (21 cents per share) vs. $15.8 million (3 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter.
Revenue: Rose 45.1% to $1.06 billion from the year earlier quarter.
Actual vs. Wall St. Expectations: MPEL beat the mean analyst estimate of 19 cents per share. It beat the average revenue estimate of $963.6 million.
Quoting Management: Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, “I am delighted to announce another quarter of record Adjusted EBITDA and net income for our Company, representing the ninth consecutive quarter of sequential improvement in hold-adjusted EBITDA. These results build on the significant achievements delivered through the first half of 2011 and demonstrate our ability to deliver sustained high-quality results, with strong company-wide performance across all segments, despite the introduction of additional supply in the market.”
Key Stats:
The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 58.8%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 92.9% from the year earlier quarter.
The company has now beaten estimates the last two quarters. In the second quarter, it topped expectations with net income of 13 cents versus a mean estimate of net income of 11 cents per share.
Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the fourth quarter has moved up from 10 cents a share to 16 cents over the last ninety days. The average estimate for the fiscal year is 42 cents per share, a rise from 32 cents ninety days ago.
Competitors to Watch: Melco Crown Entertainment Ltd. , Wynn Resorts, Limited , MGM Resorts International. , Las Vegas Sands Corp. , Century Casinos, Inc. , Ameristar Casinos, Inc. , Asia Entertainment & Resources Ltd. , Trans World Corporation (TWOC), Riviera Holdings Corp. (RVHLQ), and Pinnacle Entertainment, Inc .
If you had cabbages and they were eaten, and they were eaten by a goat, it wasn’t my goat. And if it was my goat, he was insane.” ~ Williams
Recent MLCO News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 10:04:56 AM
- Melco Announces Partnership with Sri Lanka’s John Keells Holdings and Introduces ‘City of Dreams Sri Lanka’ • GlobeNewswire Inc. • 04/30/2024 12:18:47 PM
- Melco Announces Unaudited First Quarter 2024 Earnings • GlobeNewswire Inc. • 04/30/2024 12:00:19 PM
- U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision • IH Market News • 04/30/2024 11:59:59 AM
- Melco reaffirms commitment to sustainability in 2023 RISE to go Above & Beyond report • GlobeNewswire Inc. • 04/26/2024 10:07:59 AM
- Studio City Announces Earnings Release Date • GlobeNewswire Inc. • 04/25/2024 10:42:46 AM
- Melco Announces Earnings Release Date • GlobeNewswire Inc. • 04/25/2024 10:42:18 AM
- Melco Resorts Finance Announces Pricing of Senior Notes Offering • GlobeNewswire Inc. • 04/09/2024 04:42:43 PM
- Melco Resorts Finance Announces Proposed Senior Notes Offering • GlobeNewswire Inc. • 04/08/2024 01:05:45 PM
- Melco Announces Extension of Maturity Date of Revolving Credit Facilities • GlobeNewswire Inc. • 04/08/2024 01:05:12 PM
- Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023 • GlobeNewswire Inc. • 03/22/2024 11:51:52 AM
- Melco leads Macau with the greatest number of stars attained in MICHELIN Guide Hong Kong & Macau 2024 • GlobeNewswire Inc. • 03/14/2024 11:50:16 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/01/2024 11:04:26 AM
- Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2023 Earnings • GlobeNewswire Inc. • 02/29/2024 01:02:03 PM
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- U.S. Futures Dip as PCE Data Looms; Modest Gains for WTI and Brent Crude in April Contracts • IH Market News • 02/29/2024 11:13:07 AM
- Studio City Announces Earnings Release Date • GlobeNewswire Inc. • 02/22/2024 11:57:16 PM
- Melco Announces Earnings Release Date • GlobeNewswire Inc. • 02/22/2024 11:56:50 PM
- Melco continues lead among integrated resorts in Asia with the greatest number of stars attained in 2024 Forbes Travel Guide • GlobeNewswire Inc. • 02/07/2024 02:32:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/28/2023 11:22:26 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/21/2023 11:52:20 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/29/2023 12:45:28 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/08/2023 11:06:56 AM
- Melco Announces Unaudited Third Quarter 2023 Earnings • GlobeNewswire Inc. • 11/07/2023 01:00:18 PM
- Studio City Announces Earnings Release Date • GlobeNewswire Inc. • 11/01/2023 11:02:39 AM
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