MGM Mirage Beats Top End Estimates

LAS VEGAS— Casino operator MGM Mirage reported that second quarter profits rose 27%, beating the top end of Wall Street estimates on strong performances from its gaming and hotel operations. MGM Mirage, which operates properties in the United States, South Africa and Australia, reported net income of $77.3 million, or $0.48 per share, compared with $60.7 million, or $0.40 a share, a year earlier. Thomson Financial/First Call expected MGM Mirage to post a profit in the range of $0.39 to $0.47.