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MGM Resorts' stock soars as earnings beat analyst expectations, boosted by major investor support.
MGM Resorts International saw increased stock holdings from several investors in the first quarter, including Highland Capital Management LLC and Illinois Municipal Retirement Fund.
The company reported first-quarter earnings of $0.69 per share, beating analyst expectations of $0.50, with revenue of $4.28 billion.
Despite slightly missing revenue expectations, the stock opened at $34.35, and analysts predict an EPS of $2.21 for the current year.
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Las acciones de MGM Resorts se disparan a medida que las ganancias superan las expectativas de los analistas, impulsadas por el apoyo de los principales inversores.