Wynn Resorts Earnings: Here’s Why Shares are Up Now
Wynn Resorts Ltd. (NASDAQ:WYNN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.36%.
Wynn Resorts Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 52.63% to $2.03 in the quarter versus EPS of $1.33 in the year-earlier quarter.
Revenue: Rose 4.96% to $1.38 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wynn Resorts Ltd. reported adjusted EPS income of $2.03 per share. By that measure, the company beat the mean analyst estimate of $1.55. It beat the average revenue estimate of $1.37 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…