BUZZ-Wynn Resorts rises on quarterly revenue, profit beat
ReutersFeb 14, 2025 5:26 PM
Casino operator Wynn Resorts' WYNN.O shares up 10.6% at $89.01
Company posts fourth-quarter revenue of $1.84 billion, beating analysts' expectations of $1.77 billion, according to data compiled by LSEG
It earned $2.42 per share, excluding items, topping estimates of $1.22 per share in the quarter
The strong quarterly performance was driven by continued recovery in Macau and better-than-expected results domestically. The company remains focused on developing Al Marjan Island while also maintaining market share in Macau as macro conditions improve — Jefferies analyst David Katz
WYNN stock fell 5.4% in 2024
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