July 29, 2014 8:59 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Wynn Resorts (NASDAQ: WYNN) reported better-than-expected second-quarter earnings. However, the company's revenue missed analysts' expectations.The Las Vegas, Nevada-based company posted a quarterly profit of $203.9 million, or $2 per share, versus a year-ago profit of $129.8 million, or $1.28 per share. The year-ago quarter included debt-extinguishment losses of $26.6 million, versus $2.3 million in the latest quarter. Excluding certain items, its adjusted earnings climbed to $2.11 versus $1.51 per share. Its net revenue gained 6% to $1.41 billion from $1.33 billion. However, analysts were projecting earnings of $1.95 per share on revenue of $1.43 billion. Wynn's operating margin rose to 24.2% from 20.6%. Wynn's revenue from Macau operations rose 3.2% to $960.6 million, while average daily rates surged 6.4%. Occupancy increased to 98.4%, from 95.5% in the year-ago period. Wynn's revenue from Las Vegas operations rose 12.5% to $451.4 million. Its average daily rates increased 5.6%, while occupancy increased to 88.4% from 86.9%. Its net casino revenue jumped 28% to $182.5 million. Wynn's shares dropped 3.79% to $202.97 in pre-market trading.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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