NasdaqGS:MLCOHospitality
Will Strong Q1 Results and New Buyback Shape Melco Resorts & Entertainment's (MLCO) Capital Return Narrative?
On April 30, 2026, Melco Resorts & Entertainment reported first-quarter 2026 results showing higher sales and revenue, with net income of US$76.83 million and diluted EPS from continuing operations of US$0.195, and announced a new three-year share repurchase program of up to US$500 million following the completion of its prior buyback.
UBS reaffirmed Melco as a top pick among Macau gaming operators, highlighting steady early-May gross gaming revenue trends and sector valuations below their...