LAS VEGAS MGM Mirage, which operates 18 casinos in three continents, reported net income, excluding nonrecurring items, of $85.2 million or $0.53 per share, compared with $48.5 million or $0.42 per share, a year earlier.
Wall Street analysts expected earnings in the range of $0.39 to $0.47 with a consensus estimate of $0.44, according to Thomson Financial/First Call.
MGM Mirage shares have risen 9.2% over the last year, outperforming a gaming index maintained by Las Vegas Investment Advisors that has risen about 8% during that time. The stock is down off its October high of $38.8, and its shares are currently trading at $29.40. (4/19/01)
SOURCE: Reuters