Studio City Ih (NYSE:MSC) Posts Earnings Results, Beats Expectations By $0.34 EPS

Studio City Ih (NYSE:MSC) posted its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.34, FiscalAI reports. The company had revenue of $164.56 million for the quarter, compared to analyst estimates of $190.12 million. Studio City Ih had a negative return on equity of 6.90% and a negative net margin of 5.68%.During the same quarter in the previous year, the firm earned ($0.02) earnings per share.

Studio City Ih Stock Performance

Shares of NYSE MSC traded up $0.04 during mid-day trading on Friday, hitting $1.77. The stock had a trading volume of 11,254 shares, compared to its average volume of 14,338. The company has a 50 day moving average of $1.90 and a two-hundred day moving average of $2.46. The firm has a market cap of $372.97 million, a PE ratio of -8.05 and a beta of 0.14. Studio City Ih has a twelve month low of $1.57 and a twelve month high of $6.63. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.21 and a current ratio of 0.23.

Studio City Ih Company Profile

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.