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MarketWatch
MGM Resorts reports surprise loss, stock drops
Casino resort operator MGM Resorts International (MGM) reported a surprise loss for its third quarter, and shares fell 5% after hours on Wednesday following the results. The company reported a net loss of around $1.06 billion, or $1.45 per share, compared with a $1.34 billion profit, or $2.77 per share, in same the quarter last year. Adjusted for things like property transactions and losses on investments, MGM lost $1.39 per share.
