How To Earn $500 A Month From Wynn Resorts Stock Following Earnings Beat
Portfolio Pulse from Lisa Levin
Wynn Resorts, Limited (NASDAQ:WYNN) exceeded third quarter earnings expectations with an operating revenue of $1.67 billion and adjusted EPS of 99 cents, surpassing the consensus estimate of 75 cents. The article also discusses how to earn a monthly income from Wynn Resorts' dividends, which currently yield 1.17%. It explains the number of shares needed to achieve a $500 or $100 monthly dividend income. The dividend yield's variability with stock price and dividend changes is highlighted. WYNN shares dropped 5.7% to close at $85.49 on Friday.
November 13, 2023 | 1:49 pm
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Wynn Resorts reported strong Q3 earnings, beating estimates with higher revenue and EPS. The company's dividend yield is 1.17%, and the stock price fell 5.7% to $85.49 following the report.
Despite the positive earnings report, Wynn Resorts' stock price fell, which could indicate market concerns or profit-taking. The short-term impact is likely negative due to the price drop, but the strong earnings could provide support for the stock in the medium term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100