Wynn's Earnings Reveal Sin City Cracks

NEW YORK ( TheStreet) - Wynn Resorts ( WYNN) is taking a hit as the recovery in Las Vegas slows.

The casino giant significantly missed profit estimates, reporting adjusted earnings of $1.05 per share vs. the consensus view of $1.18 per share. Revenue hit $1.30 billion, in-line with Wall Street's forecast.

The company said revenues in Macau jumped 41.7% year-over-year, while Sin City only saw a 3.7% increase.

Wynn returned to the black, however, after posting a quarterly loss of $33.5 million, or 27 cents per share, in the same period a year earlier.

The stock was off more than 5% to $123.65 in after-hours action, according to Nasdaq.com, with volume nearing 400,000. Earlier in the extended session, the shares dipped as low as $120.33.

-Reported by Jeanine Poggi in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

More from Stocks

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?

Tesla CEO Elon Musk Is Cracking Under Immense Stress and Investors Should Worry

Tesla CEO Elon Musk Is Cracking Under Immense Stress and Investors Should Worry

10 Questions for PayPal Ahead of Its Big Investor Day

10 Questions for PayPal Ahead of Its Big Investor Day

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

High-Flying Mutual Funds Begin to Favor Energy but Tech Still Reigns Supreme

High-Flying Mutual Funds Begin to Favor Energy but Tech Still Reigns Supreme