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Will MGM Resorts (MGM) Stock Advance After Q2 Earnings Beat?

NEW YORK (TheStreet) -- MGM Resorts (MGM) reported better-than-expected second quarter earnings and lower-than-expected revenue before today's opening bell.

MGM Resorts posted earnings of 83 cents per share, topping analysts projected 23 cents per share. Revenue came in at $2.27 billion, below the $2.33 billion estimated by analysts.

For the 2015 second quarter, the Las Vegas-based casino operator reported earnings of 17 cents per share on revenue of $2.39 billion.

The company saw a 57 cent gain in earnings due to its sale of The Shops at Crystals, a shopping center with about 40 retailers and restaurants in Las Vegas. The sale also generated $406...


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