Wynn Resorts Misses Forecasts
Wynn Resorts narrows its fourth-quarter loss, but is off analysts' forecasts.
LAS VEGAS (
)--
Wynn Resorts
(WYNN) - Get Report
narrowed its fourth-quarter loss, but missed Wall Street's forecast.
During the quarter, Wynn Resorts recorded a loss of $5.2 million, or 4 cents a share, compared with a loss of $159.6 million, or $1.49, for the casino operator in the year-ago period.
Excluding one-time costs, Wynn actually earned 8 cents a share, which missed analysts' forecast of 13 cents.
Still, Wynn Resorts revenue soared 32% to $809.3 million from $614.3 million last year.
-- Reported by Jeanine Poggi in New York.
RELATED STORIES:
>>Wynn's Latest Move Threatens Boyd, MGM
Follow TheStreet.com on
and become a fan on
Loading ...