Wynn Resorts (WYNN) Stock Climbs In After-Hours Trading After Beating Analysts Earnings Estimates - TheStreet

NEW YORK (TheStreet) -- Wynn Resorts (WYNN) - Get Report shares are up 3.3% to $191.40 in after-hours trading on Tuesday after the gaming company reported its fiscal third quarter earnings results after today's closing bell.

Net income for the quarter was $191.4 million, or $1.95 per diluted share on an adjusted basis, 12 cents better than the $1.83 analysts were expecting for the period.

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Revenue for the period fell slightly from the previous year to $1.37 billion from $1.39 billion, and falling short of analysts $1.4 billion estimates.

The company said that the decrease was a result of a 5.6% decline in net revenue from its Macau operations, but that the decline was partially offset by a 9% net revenue increase in its Las Vegas operations.

TheStreet Ratings team rates WYNN RESORTS LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate WYNN RESORTS LTD (WYNN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows

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WYNN

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