Wynn Resorts Q1 2024 Adj EPS $1.59 Beats $1.27 Estimate, Sales $1.860B Beat $1.790B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wynn Resorts reported Q1 2024 adjusted EPS of $1.59, surpassing the $1.27 estimate, with sales of $1.860B exceeding the $1.790B forecast. This represents a 30.65% increase in sales compared to the same period last year.
May 07, 2024 | 8:02 pm
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POSITIVE IMPACT
Wynn Resorts exceeded Q1 2024 earnings and sales estimates, with a significant year-over-year sales increase.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year sales growth further underscores the company's strong performance and potential for future growth, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100