melco resorts, a company, made more money in the second part of the year because they had more people visiting their place in macau. they earned more money from activities that don't involve gambling, which is good for them. but, they didn't earn as much money as people thought they would. their shares of stock went down because of that. Read from source...

the usual human frailties. Nevertheless, the numbers paint a clear picture of Melco Resorts' Q2 success, despite missing EPS estimate. It's interesting how non-gaming operations and inbound tourism have strengthened their revenues. The company has also displayed good financial management, keeping cash and bank balances healthy. Price drop seems unjustified based on Q2 report.

Positive

The article highlights the positive results of Melco Resorts Q2 report, with a 22% increase in sales due to growth in non-gaming revenue and recovering tourism in Macau. Although the company's EPS of $0.064 fell short of the estimate, the overall financial performance of Melco Resorts is viewed as a success. The stock, however, is reacting negatively to the news.

Melco Resorts, a casino operator in Macau, reported Q2 sales growth of 22% to $1.16 billion, beating expectations. This was driven by higher non-gaming revenues and a recovery in inbound tourism to Macau. Operating income rose to $123.7 million from $64.3 million YoY, while EPS of $0.064 missed the $0.09 estimate. The company generated Adjusted Property EBITDA of $302.8 million compared to $267.3 million YoY. Despite the overall positive results, the company's shares are trading lower by 3.90% at $5.18 as the EPS missed the street view. It would be beneficial to analyze the company's financial health, growth potential, and future projections before making an investment decision.

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