Melco Resorts & Entertainment Ltd
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Consumer Discretionary : Hotels, Restaurants & Leisure |
Based in Hong Kong
Company profile

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines. Its segments include City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. It has over three casino based operations in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based operations in Macau at its Mocha Clubs. It also has a casino based operation in the Philippines, City of Dreams Manila. It is developing the fifth hotel tower at City of Dreams in Cotai, Macau. Its other operations also include Taipa Square Casino, Macau operating within Hotel Taipa Square.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

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Closing Price
$14.94
Day's Change
0.31 (2.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
15.14
Day's Low
14.57
Volume
(Average)
Volume:
3,032,350

10-day average volume:
3,145,804
3,032,350

ServiceNow swings to profit in Q2, sales rise

5:45 pm ET July 29, 2020 (MarketWatch)
Print

Shares of ServiceNow Inc. (NOW) fell more than 3% in the extended session Wednesday after the cloud software company reported second-quarter earnings above expectations and said its subscription sales rose 30%. ServiceNow said it earned $41 million, or 20 cents a share, in the quarter, swinging from a loss of 6 cents a share in the year-ago period. Adjusted for one-time items, the company earned $1.23 a share. Revenue rose 28% to $1.07 billion, the company said. Analysts polled by FactSet had expected adjusted earnings of $1.01 a share on sales of $1.05 billion for the quarter. The company said its subscription revenue rose 30% year-on-year. ServiceNow guided for subscription revenue between $4.185 billion and $4.200 billion for full year 2020. "Our best--in--class renewal rate remained at 97%, and customers continue to expand on the Now Platform, giving us conviction to raise our growth and profitability guidance for the year. I am confident in our ability to deliver our second half." Chief Financial Officer Gina Mastantuono said in a statement.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 29, 2020 17:45 ET (21:45 GMT)

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