Why Wynn Resorts Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Wynn Resorts, Limited (NASDAQ:WYNN) shares dropped by 8.1% despite reporting higher than expected third-quarter revenue and earnings per share. The company's revenue was $1.67 billion, surpassing the consensus estimate of $1.585 billion, and adjusted EPS was 99 cents, beating the estimate of 75 cents. The article also lists other stocks that moved in the mid-day session, with various companies experiencing significant gains or losses after reporting their financial results, guidance updates, or other corporate actions.
November 10, 2023 | 6:34 pm
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Wynn Resorts reported higher Q3 revenue and EPS than expected, but shares fell by 8.1% to $83.29.
Wynn Resorts' stock price decline despite positive earnings results could be due to investors' concerns over future growth prospects or broader market conditions. The significant drop indicates a strong negative market reaction to the news.
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IMPORTANCE 90
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