Wynn Resorts Q2 Profit Doubles to $140M, Revenue Climbs 6.9%
WYNN is trading near its 52-week low of $92.516 (12% above the low).
Summary
Wynn Resorts reported Q2 net income of $140.1 million, or $1.32 per share, more than doubling from $66.2 million a year ago. Adjusted EPS came in at $1.24, while revenue rose 6.9% to $1.856 billion. The results reflect continued strength in Macau and Las Vegas operations, building on the strong Q1 performance. This is the first look at Q2 numbers and shows sustained momentum. The Macau expansion plan announced in July adds a longer-term growth catalyst.
At the time of this announcement, WYNN was trading at $103.20 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $92.52 to $134.72. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.