MGM Mirage (NYSE: MGM) showed its hand in the earnings confessional Monday night after the close. The gaming firm banked 38 cents per share, or $105.2 million, compared with year-ago results of 40 cents ($118.3 million). Net revenue was down 20% to $1.5 billion. Excluding gains related to the sale of Treasure Island resort, the company lost six cents per share, falling short of analysts' estimates. MGM CEO and Chairman Jim Murren told investors in a conference call that while room rates are "firming" and overall demand seems improved, "[MGM] is not out of the woods yet by any stretch in this market ... at least [visitors] have got their wallets in their pockets [now] and they're spending a little more."
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