Wynn Resorts Stock Ticks Higher On Q4 Performance - Here's Why
Portfolio Pulse from Erica Kollmann
Wynn Resorts, Limited (NASDAQ:WYNN) reported Q4 earnings of $1.91 per share, surpassing the consensus estimate of $1.15 by over 66%. Quarterly sales reached $1.84 billion, exceeding expectations by 5.83% and marking an 83.08% increase from the previous year. The growth was attributed to higher operating revenues from Macau and Las Vegas. CEO Craig Billings highlighted record Adjusted Property EBITDAR and the company's focus on luxury hospitality. A dividend of 25 cents per share was declared, payable on Feb. 29. WYNN shares rose 3.79% after-hours to $103.61.
February 07, 2024 | 9:45 pm
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Wynn Resorts exceeded Q4 earnings and sales expectations, reported significant year-over-year growth, and announced a dividend. Shares increased 3.79% after-hours.
Wynn Resorts' Q4 performance significantly exceeded analyst expectations, with a notable increase in sales and earnings per share. The announcement of a dividend and positive after-hours stock movement indicate strong investor confidence and potential for continued short-term growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100