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Wynn Resorts Misses Forecasts

Wynn Resorts narrows its fourth-quarter loss, but is off analysts' forecasts.

LAS VEGAS (

TheStreet

)--

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.

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Still, Wynn Resorts revenue soared 32% to $809.3 million from $614.3 million last year.

-- Reported by Jeanine Poggi in New York.

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