Red Rock Resorts Q2 Adj $0.59 Misses $0.66 Estimate, Sales $486.40M Beat $475.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Rock Resorts (NASDAQ:RRR) reported Q2 earnings of $0.59 per share, missing the analyst estimate of $0.66. However, sales were $486.40M, beating the estimate of $475.59M. Earnings decreased by 9.23% year-over-year, while sales increased by 16.89%.
July 23, 2024 | 8:09 pm
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Red Rock Resorts reported Q2 earnings of $0.59 per share, missing the analyst estimate of $0.66. Sales were $486.40M, beating the estimate of $475.59M. Earnings decreased by 9.23% year-over-year, while sales increased by 16.89%.
The mixed results, with earnings missing but sales beating estimates, create a neutral short-term outlook. The decrease in earnings may concern investors, but the strong sales growth could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100