Wynn Resorts Stock Dips On Q2 Results: Details
Portfolio Pulse from Erica Kollmann
Wynn Resorts (NASDAQ:WYNN) shares dipped after the company reported Q2 earnings of $1.12 per share on revenue of $1.733 billion, both missing analyst estimates. Despite record Adjusted Property EBITDAR and increased revenues in several operations, the stock fell 0.84% after-hours. The company declared a cash dividend of 25 cents per share and continues to invest in growth projects.
August 06, 2024 | 8:44 pm
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NEGATIVE IMPACT
Wynn Resorts reported Q2 earnings and revenue that missed analyst estimates, leading to a 0.84% drop in after-hours trading. Despite record Adjusted Property EBITDAR and increased revenues in several operations, the market reacted negatively.
The market typically reacts negatively to earnings and revenue misses, even if other metrics like Adjusted Property EBITDAR are strong. The 0.84% drop in after-hours trading reflects investor disappointment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100