10 Firms Post Double-Digit Gains on Thursday

7. MGM Resorts International (NYSE:MGM)

MGM Resorts extended its winning streak for a second day, ending Thursday’s trading up by 17.46 percent to end at $40.37 apiece.

Despite disappointing net income in the fourth quarter and full year of 2024, analysts pointed to earnings beat estimates as having fueled investor sentiment.

In a statement, MGM Resorts said net income in the fourth quarter of the year dropped by 37 percent to $237.9 million from the $379.6 million registered in the same period a year earlier, while net income for the full year declined by 18 percent to $1.06 billion from $1.3 billion in 2023.

Revenues for the quarter, however, were flat at $4.3 billion, but revenues rose by 6 percent to $17.2 billion from $16.16 billion year-on-year.

Earnings per share during the quarter stood at $0.45, beating analyst estimates of $0.34.