NEW YORK (TheStreet) -- Wynn Resorts (WYNN) - Get Wynn Resorts, Limited (WYNN) Report posted earnings and revenue that surpassed analyst' estimates for the 2016 second quarter after Thursday's closing bell.
The Las Vegas-based casino and resort company reported adjusted earnings of $1.07 per share, exceeding analysts' expectations of 91 cents per share.
Revenue for the period was $1.06 billion, above analysts' projections of $1.02 billion.
Macau revenues rose 3.6% to $639.3 million from last year. But Las Vegas revenues declined 1.1% to $419 million year-over-year.
Shares of Wynn Resorts are retreating 5.64% to $98.76 in after-hours trading on Thursday.
About 3.08 million of the company's shares were traded today compared to its average volume of 2.63 million shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins.
But the team also finds that the stock has had a generally disappointing performance in the past year.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: WYNN