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, Limited (NASDAQ: WYNN) reported financial results Tuesday for the fourth quarter ended December 31, 2014 and missed analyst expectations.
Revenues for the fourth quarter were $1.138 billion, below estimates of $1.21 billion and the $1.519 billion reported in the fourth quarter of 2013.
The company reported that it experienced a 32 percent net revenue decrease from its Macau Operations and a 5.8 percent decrease in net revenues from its Las Vegas Operations.
Adjusted net income was $122.4 million, or $1.20 per diluted share (adjusted EPS), well below estimates of $1.43. The company reported adjusted net income of $231.2 million, or $2.27 per diluted share, in the fourth quarter of 2013.
On a US GAAP basis, net income attributable was $109.3 million, or $1.07 per diluted share, compared to net income of $213.9 million, or $2.10 per diluted share, in the year-ago period.
Adjusted property EBITDA was $352.5 million for the fourth quarter of 2014, a 29.3 percent decrease from $498.4 million in the fourth quarter of 2013.
The company also announced on Tuesday a cash dividend for the quarter of $1.50 per common share. This dividend will be payable on February 23, 2015, to stockholders of record on February 13, 2015.
Notably, in the company’s Macau operations, table games turnover in the VIP segment was $20.7 billion for the fourth quarter of 2014, a 39.9 percent decrease from $34.4 billion in prior year period.
Wynn Resorts, Limited traded at $149.00 in the after hours session, down 4.36 percent.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!