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Studio City Intl Holdings Ltd AD Down 1.30% To $1.90 After Earnings

Thursday, August 18, 2022 11:03 AM | InvestorsObserver Analysts

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Studio City Intl Holdings Ltd AD Down 1.30% To $1.90 After Earnings

Studio City Intl Holdings Ltd AD (MSC) said before open Thursday that it lost $0.445 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $1.9 million in revenue

In the same quarter a year ago, the company lost $0.645 per share on revenue of $31.2 million.

The stock is down 1.30% to $1.90 after the report.

Studio City Intl Holdings Ltd AD's revenues declined at a faster pace than earnings.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Studio City Intl Holdings Ltd AD has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 2, putting Studio City Intl Holdings Ltd AD in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1.64 on August 12, 2022 and set a 52-week high on September 7, 2021 at $10.68.

Studio City International Holdings Ltd is a world-class gaming, retail and entertainment resort located in Cotai, Macau. It operates Studio City Casino with around 250 mass-market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, it offers non-gaming attractions, including the world's first figure-8 Ferris wheel, a Warner Bros themed family entertainment center, a 4-D Batman flight simulator, an exclusive night club, and live performance arena. Geographically, the company derives the majority of revenue from Macau region.

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