Wynn Resorts shares fall 12 percent as it misses earnings estimates


Billy H.C. Kwok | Bloomberg | Getty Images

People use mobile devices to take photographs of a fountain outside the Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macau, China, on Tuesday, Jan. 30, 2018.

Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings.

The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion.

The good performance was driven by strong results in Macau. Revenues at Wynn Macau and Wynn Palace were above analyst estimates.

Source link

Articles You May Like

No Social Security cost-of-living adjustment in 2020, early data shows
Federal workers can find it difficult to pick up another job
Facebook is making another attempt to win back teens
UnitedHealth earnings Q4 2019
Apple is the best stock to buy ‘for the next decade’: Ron Johnson