Wynn Falls Despite Earnings Beat

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Wynn Resorts (WYNN) fell 2.6% after hours as the casino and resort operator beat analysts’ fourth quarter earnings expectations but came up short on revenue.

Wynn posted $1.55 in EPS, versus expectations for $1.28. Revenue of $1.34 billion was slightly below expectations for $1.36 billion. For the year, revenue grew 31% in Macau and 14% in Las Vegas.

“We continue to work on the final project scope, timeline and budget for our Cotai project,” the company said.



Original Article Source by Barrons.com