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Net income before interest, income taxes, depreciation and amortization, or EBITDA, is a commonly used measure of performance in the casino and hospitality industry. EBITDA is not a measure of ...

Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 7% to $1.4 billion. That figure missed expectations by about $130 million, TD Cowen said.

The group lifted its full-year guidance for growth in underlying earnings, due to better prospects for its life-sciences and healthcare segments, but was cautious on sales.

The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also dropped to a loss of $27.4 million from a gain of $1.6 million in the second quarter last year.