NEW YORK (TheStreet) -- Wynn Resorts (WYNN) shares are down -3.2% to $198.50 on Monday following disappointing June revenue news from Macau.
The Macau gaming region is off 6% from its weekly average during the first week of June according to analysts at Wells Fargo (WFC).
June would be the second straight month of disappointing revenue as the Chinese gambling destination saw May revenue rise 9.4% from the same month a year ago, falling short of analysts estimates by 5 points.
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 few notable 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."