BUZZ-Wynn Resorts rises on quarterly revenue, profit beat

Reuters

02-15

BUZZ-Wynn Resorts rises on quarterly revenue, profit beat

** Casino operator Wynn Resorts' WYNN.O shares up 10.6% at $89.01

** Company posts fourth-quarter revenue of $1.84 billion, beating analysts' expectations of $1.77 billion, according to data compiled by LSEG

** It earned $2.42 per share, excluding items, topping estimates of $1.22 per share in the quarter

** The strong quarterly performance was driven by continued recovery in Macau and better-than-expected results domestically. The company remains focused on developing Al Marjan Island while also maintaining market share in Macau as macro conditions improve — Jefferies analyst David Katz

** WYNN stock fell 5.4% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com))

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