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

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

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

UPDATE: Twilio shares fall sharply despite beating Wall Street earnings expectations

4:52 pm ET August 4, 2020 (MarketWatch)
Print

Twilio (TWLO) shares fell further in the extended session Tuesday after the company reported higher revenue and an unexpected adjusted profit. Twilio shares declined 6% in after-hours trading, after falling to $283.76, a 0.9% drop, in the regular session. The maker of cloud enterprise communications software reported a second-quarter loss of $99.9 million, or 71 cents a share, compared with $92 million, or 72 cents a share, in the year-ago period. But adjusted earnings were 9 cents a share, adjusted for stock-based compensation and amortization of acquired intangibles. Jeff Lawson, Twilio's co-founder and CEO, said in a statement, "We are just scratching the surface of this huge opportunity" as the importance of communications is highlighted by the pandemic. Revenue rose to $400.8 million from $275 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 9 cents a share on revenue of $368 million. Twilio shares are up 189% this year, with a 150% surge coming in the past three months.

-Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 04, 2020 16:52 ET (20:52 GMT)

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