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

Studio City Ih (NYSE:MSC) issued its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.34, FiscalAI reports. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%. During the same quarter in the previous year, the company posted ($0.02) earnings per share.

Studio City Ih Stock Down 1.1%

Shares of NYSE MSC traded down $0.02 during trading hours on Thursday, hitting $1.72. The company had a trading volume of 6,461 shares, compared to its average volume of 14,325. Studio City Ih has a 1-year low of $1.57 and a 1-year high of $6.63. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $362.44 million, a P/E ratio of -7.82 and a beta of 0.14. The firm’s 50 day moving average is $1.91 and its 200-day moving average is $2.47.

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.