Wynn Resorts reported a significant increase in its first-quarter earnings for 2024, with operating revenues reaching $1.86 billion, up from $1.42 billion in the same period last year, and surpassing sales estimates of $1.790 billion. The company's diluted net income per share was $1.30, compared to a net loss in the previous year. Adjusted earnings per share (EPS) were $1.59, surpassing analysts' expectations of $1.27. The growth was primarily attributed to strong performance in its Macau operations, which saw increased demand in gaming, luxury retail, and hotel bookings. Additionally, Wynn Resorts achieved an adjusted property EBITDAR of $646.5 million during the quarter.
Wynn Resorts quarterly results beat estimates on strength in Macau business https://t.co/LnT3OhtWEe https://t.co/S8TK8aditI
Wynn Resorts Ltd $WYNN Earnings: - Diluted EPS of $1.30 - Operating Revenues of $1.86 billion - Adjusted Property EBITDAR of $646.5 million "The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with Adjusted Property… https://t.co/oddzaY67co
Wynn Resorts quarterly results beat estimates on strength in Macau business https://t.co/gGu2Xu9rNo https://t.co/R2GRX1UnIp
⚠️ WYNN RESORTS QUARTERLY RESULTS BEAT ESTIMATES ON STRENGTH IN MACAU BUSINESS Full Story → https://t.co/YfkAH8UWLy Wynn Resorts on Tuesday beat Wall Street estimates for first-quarter profit as strength in gaming, luxury retail and hotel bookings drove steady demand at its… https://t.co/ByA3GN9rAG
$WYNN Earnings: - Operating revenues were $1.86 billion for the first quarter of 2024, an increase of $439.2 million from $1.42 billion for the first quarter of 2023. - Diluted net income per share was $1.30 for the first quarter of 2024, compared to diluted net loss per share… https://t.co/L9DWYW8GPm
$WYNN | Wynn Resorts Q1 Earnings: - Adj EPS $1.59 (Est. $1.27)🟢 - Sales $1.860B (Est. $1.790B) 🟢