Wynn Up Slightly Despite Missing Estimates
Wynn Resorts (NASDAQ: WYNN) released its fiscal second-quarter earnings results after the closing bell on Tuesday. The company reported net income attributable to the company of $138.06 million or $1.37 per share, compared to $122.03 million or $0.97 per share in the period for the prior year.
On an adjusted basis, which is comparable to analysts' consensus, the company reported income of $138.95 million or $1.38 per share, versus $200.75 million or $1.60 per share, in last year's corresponding quarter. This missed Wall Street analysts' consensus EPS estimates of $1.51.
Net revenues in the quarter were $1.25 billion, down from $1.37 billion in last year's second-quarter. This also missed analysts' consensus revenue estimates of $1.34 billion.
In Tuesday's after hours trading session, WYNN shares traded up 0.35% despite the top and bottom line miss.
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