NEW YORK (TheStreet) -- Shares of Wynn Resorts (WYNN) were falling in after-hours trading on Wednesday as the casino operator reported 2016 fiscal third-quarter results that missed analysts' estimates.
After today's market close, Las Vegas-based Wynn posted adjusted earnings of 75 cents per share, below Wall Street's expected 78 cents per share.
Revenue was $1.11 billion, which missed analysts' projected $1.12 billion.
In 2015, Wynn reported adjusted earnings of 86 cents per share on revenue of $996.28 million for the third quarter.
The company said Wynn Macau revenue fell 11.5% year-over-year to $518.1 million in the 2016 third quarter.
Separately, 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.
The team rates Wynn Resorts as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, the team finds that the growth in the company's earnings per share has not been good.
You can view the full analysis from the report here: WYNN