MGM Resorts International: Now That’s More Like It!

Last quarter, MGM Resorts International ( MGM ) caught the market by surprise when it reported earnings that came in well below analyst forecasts , causing the stock to tumble more than 9%. In my Trader column this weekend, I argued that MGM would not repeat that debacle , and it looks like that's the case. MGM Resorts reported a profit of 36 cents a share, bating forecasts for 29 cents a share, on sales of $2.71 billion, beating the Street consensus for $2.63 billion . "Now that's more like it," JPMorgan's Joseph Greff and team wrote in a note today. They explain: