MGM Resorts International (MGM) reported Q1 adjusted earnings late Wednesday of $0.69 per diluted share, down from $0.74 a year earlier.
Analysts polled by FactSet expected $0.47.
Revenue for the quarter ended March 31 was $4.28 billion compared with $4.38 billion a year earlier.
Analysts surveyed by FactSet expected $4.29 billion.
The company said it authorized a new $2 billion stock repurchase plan, which is in addition to its existing November 2023 stock repurchase plan.
Shares of the company rose 4.1% in after-market activity.
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