Benzinga | Nov 5, 2020 08:20AM EST

Melco Resorts and Enter Q3 EPS $(0.70) Beats $(0.80) Estimate, Sales $212.90M Miss $238.51M Estimate

Melco Resorts and Enter (NASDAQ:MLCO) reported quarterly losses of $(0.70) per share which beat the analyst consensus estimate of $(0.80) by 13 percent. This is a 390 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $212.90 million which missed the analyst consensus estimate of $238.51 million by 10.74 percent. This is a 85.21 percent decrease over sales of $1.44 billion the same period last year.