UPDATE: Wynn Posts Lower Q4 Profit

Wynn Resorts WYNN reported a decline in its fourth-quarter profit. Wynn's quarterly earnings dropped to $111.4 million, or $1.10 per share, from $190.5 million, or $1.52 per share, in the year-ago quarter. Excluding one-time items, it earned $1.17 per share. Its total revenue declined to $1.29 billion from $1.34 billion. However, analysts expected earnings of $1.25 per share on revenue of $1.27 billion. Wynn shares fell 0.66% to $124.39 in after-hours trading.