Melco Resorts Profit Slumps as Gaming Demand Softens
Melco Resorts & Entertainment Limited (NASDAQ: MLCO) stock fell Thursday after second-quarter earnings per share of $0.06 and revenue of $1.252 billion missed Wall Street estimates.
Melco Resorts made less money than Wall Street expected last quarter, which made its stock price drop. When a company doesn't earn what people hoped, it hints that fewer people might be visiting their casinos or spending money there.
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