MGM Resorts Q1 Revenue Record, EPS Miss

MGM Resorts International posted record Q1 revenue of $4.45 bn, up 4% YoY, beating $4.36 bn estimate.
Adjusted EPS fell to $0.49, missing consensus $0.56 by $0.07, causing shares to drop 3.2%.
Las Vegas Strip Resorts revenue flat at $2.2 bn; MGM China revenue rose 9% to $1.1 bn; MGM Digital surged 43% to $183 m.
Company repurchased ~2 million shares for $90 m, leaving $1.5 bn still authorized for buybacks.