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Services | Resorts & Casinos | USA
Wynn Resorts' Shares Recover After Earnings Miss

Shares rise after the casino and hotel operator reports quarterly earnings below analysts' forecasts.

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Net income for the quarter was $476.6 million, or $4.41 a share, down from $491.7 million, or $4.77 a share, a year ago. Adjusted per-share earnings were $1.06, missing the $1.33-a-share estimate expected by analysts surveyed by FactSet.

Revenue totaled $1.69 billion, down from $1.62 billion last year though above the $1.61 billion FactSet estimate.

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https://www.thestreet.com/investing/earn...s-14852093

Wynn Resorts (WYNN) Q1 Earnings and Revenues Surpass Estimates

Wynn Resorts (WYNN) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 1.26%. A quarter ago, it was expected that this casino operator would post earnings of $1.36 per share when it actually produced earnings of $1.06, delivering a surprise of -22.06%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Wynn, which belongs to the Zacks Gaming industry, posted revenues of $1.65 billion for the quarter ended March 2019, surpassing the Zacks Consensus Estimate by 0.59%. This compares to year-ago revenues of $1.72 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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https://finance.yahoo.com/news/wynn-reso...09937.html