Why Wynn Resorts (WYNN) Stock Is Down in After-Hours Trading Today

Wynn Resorts (WYNN) fell in after-hours trading on Wednesday in sympathy with Las Vegas Sands (LVS), which posted second-quarter earnings that came up short of analysts' expectations.

Author:: Andrew Meola
Publish date:: Jul 16, 2014 4:59 PM EDT

NEW YORK (TheStreet) -- Wynn Resorts (WYNN) - Get Report fell in after-hours trading on Wednesday in sympathy with Las Vegas Sands (LVS) - Get Report, which posted second-quarter earnings that came up short of analysts' expectations.

Las Vegas Sands reported net income of $671.4 million, or 83 cents per diluted share, while analysts polled by Thomson Reuters had expected 90 cents a share. Revenue totaled $3.62 billion, while analysts had expected $3.8 billion.

Wynn, a hotel and casino operator, is one of Las Vegas Sands' main competitors in Macau. Wynn was down 1.86% to $200.06 in after-hours trading.

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