Wynn falls as weak Macau business drags Q2 earnings below estimates

Shares of casino operator Wynn Resorts WYNN.O down 1.6% at $106 premarket

Q2 adjusted profit of $1.09/share misses estimates of $1.21/share - data compiled by LSEG

Revenue at $1.74 bln, slightly below $1.75 bln expected, hurt by weak Macau demand

15 of 19 brokerages rate the stock "buy" or higher, four "hold" ; median PT is $124 - data compiled by LSEG

YTD, as of last close, stock up 24.5% vs S&P 500 casinos and gaming .SPLRCCCGL up 1.5%