
Wynn Resorts, Limited reported its third-quarter 2024 financial results, revealing adjusted earnings per share (EPS) of $0.90, falling short of the consensus estimate of $1.01. The company's revenue for the quarter was $1.69 billion, also below the consensus forecast of $1.73 billion. This performance reflects a 1.3% increase in revenue year-over-year, driven primarily by a 19% rise in revenue from Macau, while the Las Vegas segment saw a decline of nearly 2%. The earnings report follows a whisper number expectation of $1.11, which was 10 cents higher than analyst estimates, indicating a 49% beat rate historically. Following the earnings release, Wynn's stock experienced a decline of almost 9%, attributed to concerns over slowing business in Las Vegas. The implied market move post-earnings was projected at +/-5.6%.























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