You Wynn Some, You Lose Some
It was another big earnings day, so we’re here to recap some of the biggest movers.
First up is Wynn Resorts, which reported a wider-than-expected loss but beat on revenues. Its loss of $1.23 per share was $0.06 larger than estimates, while revenues of $1 billion beat the $940 million expected. The company has been awarded a new 10-year gaming concession in Macau, where it believes its well-positioned for growth. $WYNN shares were up around 5% on the news. 🎰