Wynn: Q1 Earnings Snapshot
Wynn Resorts Ltd. (WYNN) on Tuesday reported first-quarter net income of $12.3 million
By AP News
Published - May 09, 2023, 04:24 PM ET
Last Updated - Apr 05, 2024, 03:01 PM EDT
LAS VEGAS (AP) — LAS VEGAS (AP) — Wynn Resorts Ltd. (WYNN) on Tuesday reported first-quarter net income of $12.3 million.
The Las Vegas-based company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 29 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The casino operator posted revenue of $1.42 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.25 billion.
